Silver Elephant Closes First Tranche of Non-Brokered Private Placement raising Gross Proceeds of $172,000
Silver Elephant Mining (OTCQB: SILEF) has completed the first tranche of its non-brokered private placement, raising $172,000 through the sale of 860,000 units at $0.20 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.30 per share for three years.
Notable participants include Director John Lee subscribing for 150,000 units ($30,000) and major shareholder Ron Motz acquiring 200,000 units ($40,000). The company paid Finder's Fees of 33,250 Finder's Units. The proceeds will be used for general corporate purposes, with securities subject to a four-month plus one day regulatory hold period.
Silver Elephant Mining (OTCQB: SILEF) ha completato la prima tranche della sua collocazione privata senza intermediari, raccogliendo 172.000 dollari tramite la vendita di 860.000 unità a 0,20 dollari per unità. Ogni unità comprende un'azione ordinaria e un warrant, con i warrant esercitabili a 0,30 dollari per azione per tre anni.
Tra i partecipanti di rilievo figurano il Direttore John Lee, che ha sottoscritto 150.000 unità (30.000 dollari), e il principale azionista Ron Motz, che ha acquisito 200.000 unità (40.000 dollari). La società ha corrisposto commissioni di collocamento pari a 33.250 unità di Finder. I proventi saranno utilizzati per scopi societari generali, con i titoli soggetti a un periodo di blocco regolamentare di quattro mesi più un giorno.
Silver Elephant Mining (OTCQB: SILEF) ha completado la primera tanda de su colocación privada sin intermediarios, recaudando 172,000 dólares mediante la venta de 860,000 unidades a 0.20 dólares por unidad. Cada unidad incluye una acción común y una garantía, con garantías ejercitables a 0.30 dólares por acción durante tres años.
Entre los participantes destacados se encuentran el Director John Lee, suscribiendo 150,000 unidades (30,000 dólares), y el accionista mayoritario Ron Motz, que adquirió 200,000 unidades (40,000 dólares). La compañía pagó honorarios de intermediación de 33,250 unidades de Finder. Los fondos se destinarán a fines corporativos generales, con valores sujetos a un período de retención regulatoria de cuatro meses más un día.
Silver Elephant Mining (OTCQB: SILEF)는 중개인 없이 진행한 사모 배정의 첫 번째 분할을 완료하여 단위당 0.20달러에 860,000 단위를 판매해 172,000달러를 조달했습니다. 각 단위는 보통주 1주와 워런트 1개로 구성되며, 워런트는 3년 동안 주당 0.30달러에 행사할 수 있습니다.
주요 참여자로는 이사 John Lee가 150,000 단위(30,000달러)를 청약했고, 주요 주주 Ron Motz가 200,000 단위(40,000달러)를 인수했습니다. 회사는 33,250 단위의 Finder 수수료를 지급했습니다. 조달된 자금은 일반 기업 목적에 사용되며, 증권은 4개월 및 1일의 규제 보유 기간이 적용됩니다.
Silver Elephant Mining (OTCQB : SILEF) a finalisé la première tranche de son placement privé sans intermédiaire, levant 172 000 $ grâce à la vente de 860 000 unités à 0,20 $ l'unité. Chaque unité comprend une action ordinaire et un bon de souscription, ces derniers étant exerçables à 0,30 $ par action pendant trois ans.
Parmi les participants notables figurent le directeur John Lee, qui a souscrit 150 000 unités (30 000 $), et le principal actionnaire Ron Motz, qui a acquis 200 000 unités (40 000 $). La société a versé des frais d'intermédiaire de 33 250 unités Finder. Les fonds seront utilisés à des fins générales d'entreprise, les titres étant soumis à une période de blocage réglementaire de quatre mois plus un jour.
Silver Elephant Mining (OTCQB: SILEF) hat die erste Tranche seiner nicht über Broker vermittelten Privatplatzierung abgeschlossen und dabei 172.000 US-Dollar durch den Verkauf von 860.000 Einheiten zu je 0,20 US-Dollar eingenommen. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei die Warrants für drei Jahre zum Preis von 0,30 US-Dollar pro Aktie ausgeübt werden können.
Bedeutende Teilnehmer sind Direktor John Lee, der 150.000 Einheiten (30.000 US-Dollar) zeichnete, sowie Großaktionär Ron Motz, der 200.000 Einheiten (40.000 US-Dollar) erwarb. Das Unternehmen zahlte Vermittlungsgebühren in Höhe von 33.250 Finder-Einheiten. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet, wobei die Wertpapiere einer viermonatigen zuzüglich eines Tages dauernden regulatorischen Haltefrist unterliegen.
- Insider participation demonstrates management confidence with Director and major shareholder investments
- Warrants provide potential additional funding at $0.30 per share
- Successfully raised initial capital of $172,000 for operations
- Small offering size of only $172,000 may indicate limited investor interest
- Dilutive effect on existing shareholders
- Relatively low offering price of $0.20 per unit
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that, further to its news releases dated June 11, 2025, it has closed the first tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of
Finder's Fees of 33,250 Finder's Units were paid with each Finder's Unit consisting of one Share and one Warrant.
John Lee, a Director of the Company subscribed for 150,000 Units for gross proceeds of
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.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of that jurisdiction.
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
info@silverelef.com
www.silverelef.com
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.
Not for distribution to the United States Newswire Services or For Dissemination, Distribution, Release or Publication, Directly or Indirectly into the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256888
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