Silver Elephant Announces a $672,000 Non-Brokered Private Placement
Silver Elephant Mining (OTCQB: SILEF) has announced a non-brokered private placement to raise $672,000 through the sale of 4.2 million units at $0.16 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.20 per share for three years.
Company insiders will participate by subscribing for up to 1 million units ($160,000). The offering includes a Finder's Fee of up to 7% in Finder's Units. The proceeds will be used for general corporate purposes, and the offering is subject to Toronto Stock Exchange approval.
Silver Elephant Mining (OTCQB: SILEF) ha annunciato un collocamento privato non intermediato per raccogliere $672.000 mediante la emissione di 4,2 milioni di unità a $0,16 per unità. Ogni unità comprende una azione ordinaria e un warrant, esercitabile a $0,20 per azione entro tre anni.
Dirigenti e insider della società parteciperanno sottoscrivendo fino a 1 milione di unità (pari a $160.000). L’offerta prevede una commissione per procacciatore fino al 7% in Finder's Units. I proventi saranno destinati a scopi societari generali e l’offerta è subordinata all’approvazione della Toronto Stock Exchange.
Silver Elephant Mining (OTCQB: SILEF) ha anunciado una colocación privada no intermediada para recaudar $672,000 mediante la venta de 4.2 millones de unidades a $0.16 por unidad. Cada unidad incluye una acción ordinaria y un warrant, ejercitable a $0.20 por acción durante tres años.
Los directivos e insiders de la compañía participarán suscribiendo hasta 1 millón de unidades (equivalentes a $160,000). La oferta incluye una tarifa al buscador de hasta el 7% en Finder's Units. Los fondos se destinarán a propósitos generales corporativos y la oferta está sujeta a la aprobación de la Bolsa de Valores de Toronto.
Silver Elephant Mining (OTCQB: SILEF)는 4.2백만 단위를 단위당 $0.16에 판매해 $672,000을 조달하는 중개인 없는 사모 유상증자를 발표했습니다. 각 단위에는 보통주 1주와 워런트 1장이 포함되며, 워런트는 3년 동안 주당 $0.20에 행사할 수 있습니다.
회사 임원 및 내부자들은 최대 100만 단위($160,000)를 청약해 참여할 예정입니다. 이번 공모에는 최대 7%의 소개수수료(Finder's Fee)를 Finder's Units로 지급하는 조건이 포함됩니다. 자금은 일반 법인 목적에 사용되며, 이번 공모는 토론토증권거래소의 승인을 받는 것을 조건으로 합니다.
Silver Elephant Mining (OTCQB: SILEF) a annoncé un placement privé sans intermédiaire visant à lever 672 000 $ par la vente de 4,2 millions d’unités à 0,16 $ par unité. Chaque unité comprend une action ordinaire et un warrant, exerçable à 0,20 $ par action pendant trois ans.
Des dirigeants et initiés de la société participeront en souscrivant jusqu’à 1 million d’unités (160 000 $). L’offre prévoit des frais de recherche (Finder's Fee) jusqu’à 7% payables en Finder's Units. Les fonds seront utilisés à des fins générales de la société et l’opération est soumise à l’approbation de la Bourse de Toronto.
Silver Elephant Mining (OTCQB: SILEF) hat eine nicht vermittelte Privatplatzierung angekündigt, um $672.000 durch den Verkauf von 4,2 Millionen Einheiten zu je $0,16 pro Einheit zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen Warrant, der innerhalb von drei Jahren zu $0,20 pro Aktie ausübbar ist.
Firmeninsider werden sich beteiligen und bis zu 1 Million Einheiten (entsprechend $160.000) zeichnen. Das Angebot sieht eine Vermittlungsgebühr von bis zu 7% in Finder's Units vor. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet, und das Angebot steht unter dem Vorbehalt der Genehmigung durch die Toronto Stock Exchange.
- Insider participation of up to $160,000 demonstrates management confidence
- Three-year warrant term provides extended potential upside for investors
- Offering price of $0.16 per unit may represent dilution for existing shareholders
- Small offering size of $672,000 may not provide substantial working capital
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it proposes to undertake a non-brokered private placement (the "Private Placement") to raise gross proceeds of
A Finder's Fees of up to
Company insiders will be subscribing for up to 1,000,000 Units for gross proceeds of up to
The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. Proceeds of the Private Placement are expected to be used for general corporate purposes.
The Private Placement is subject to approval by the Toronto Stock Exchange.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.
Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement.
Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.
Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265136
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