Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $445,411
Silver Elephant Mining Corp (OTCQB: SILEF) closed the second and final tranche of a non-brokered private placement on October 15, 2025, raising gross proceeds of $445,411 through the sale of 2,783,824 Units at $0.16 per Unit. Each Unit includes one common share and one warrant exercisable at $0.20 per Share for three years.
Finder's Fees of 145,250 Finder's Units were issued. Director John Lee subscribed for 193,750 Units for $31,000; this is a related party transaction for which the company relied on MI 61-101 exemptions and will file a material change report. Securities are subject to a regulatory hold period of four months plus one day. Proceeds are expected to be used for general corporate purposes.
Silver Elephant Mining Corp (OTCQB: SILEF) ha chiuso la seconda e ultima tranche di un'offerta privata non intermedia il 15 ottobre 2025, raccogliendo proventi lordi di 445.411 dollari tramite la vendita di 2.783.824 Unità a 0,16 dollari per unità. Ogni unità include una azione ordinaria e una warrant eseguibile a 0,20 dollari per azione per tre anni.
Sono stati emessi 145.250 Finder's Units come commissioni. Il direttore John Lee ha sottoscritto 193.750 Unità per 31.000 dollari; si tratta di una transazione con parti correlate per la quale la società si è affidata a delle esenzioni MI 61-101 e presenterà un rapporto di cambiamento sostanziale. Le derività sono soggette a un periodo di lock-up di quattro mesi più un giorno. I proventi dovrebbero essere utilizzati per scopi aziendali generali.
Silver Elephant Mining Corp (OTCQB: SILEF) cerró la segunda y última traza de una colocación privada no intermedia el 15 de octubre de 2025, logrando los ingresos brutos de 445.411 dólares mediante la venta de 2.783.824 Unidades a 0,16 dólares por Unidad. Cada Unidad incluye una acción común y una warrant exercitable a 0,20 dólares por acción durante tres años.
Se emitieron 145.250 Unidades Finder como honorarios. El director John Lee suscribió 193.750 Unidades por 31.000 dólares; se trata de una transacción con partes relacionadas para la cual la compañía se basó en exenciones MI 61-101 y presentará un informe de cambio material. Los valores están sujetos a un periodo de retención regulatoria de cuatro meses más un día. Se espera que los ingresos se utilicen para fines corporativos generales.
Silver Elephant Mining Corp (OTCQB: SILEF)는 2025년 10월 15일 비브로커 비공개 배정의 두 번째이자 최종 차수를 마감했고 총수익 445,411달러를 2,783,824 유닛의 판매를 통해 달성했으며 유닛당 0.16달러에 판매되었습니다. 각 유닛은 보통주 1주와 3년 동안 주당 0.20달러에 행사 가능한 워런트를 포함합니다.
리퍼럴 수수료로 145,250 Finder's Units가 발행되었습니다. 이사 존 리(Jonh Lee)가 193,750 Units를 31,000달러에 구독했습니다; 이는 관련 당사자 거래로 회사는 MI 61-101 예외를 적용했고 중요 변경 보고서를 제출할 예정입니다. 증권은 규제 보유 기간으로 4개월 및 1일의 기간이 적용됩니다. 조달금은 일반 기업 목적에 사용될 것으로 예상됩니다.
Silver Elephant Mining Corp (OTCQB: SILEF) a clôturé la deuxième et dernière tranche d’un placement privé non intermédié le 15 octobre 2025, levant des produits bruts de 445 411 dollars par la vente de 2 783 824 Unités à 0,16 dollars par unité. Chaque unité comprend une action ordinaire et une warrant exercitable à 0,20 dollars par action pendant trois ans.
Des 145 250 Unités Finder ont été émises en tant que commissions. Le directeur John Lee a souscrit 193 750 Unités pour 31 000 dollars; il s’agit d’une transaction avec parties liées pour laquelle l’entreprise s’est fondée sur des exemptions MI 61-101 et déposera un rapport de changement important. Les valeurs mobilières sont soumises à une période de blocage réglementaire de quatre mois et un jour. Les produits sont prévus d’être utilisés pour des besoins généraux de l’entreprise.
Silver Elephant Mining Corp (OTCQB: SILEF) schloss die zweite und letzte Tranche einer nicht vermittelten Privatplatzierung am 15. Oktober 2025 ab und erzielte Bruttoemissionserlöse von 445.411 USD durch den Verkauf von 2.783.824 Units zu 0,16 USD pro Unit. Jede Unit enthält eine Stammaktie und eine warrant, die im Zeitraum von drei Jahren zu einem Ausübungspreis von 0,20 USD pro Aktie ausübbar ist.
Finder's Fees von 145.250 Finder's Units wurden ausgegeben. Direktor John Lee zeichnete 193.750 Units für 31.000 USD; dies ist eine Transaktion mit nahestehenden Parteien, für die das Unternehmen auf MI 61-101-Ausnahmen zurückgriff und einen wesentlichen Veränderungsbericht einreichen wird. Wertpapiere unterliegen einer regulatorischen Haltefrist von vier Monaten plus einen Tag. Die Erlöse sollen voraussichtlich für allgemeine Unternehmenszwecke verwendet werden.
Silver Elephant Mining Corp (OTCQB: SILEF) أغلقت الجولة الثانية والأخيرة من عرض خاص غير وسيط في 15 أكتوبر 2025، محققة عائدات إجمالية قدرها 445,411 دولارًا من خلال بيع 2,783,824 وحدة بسعر 0.16 دولارًا للوحدة. تتضمن كل وحدة سهمًا عاديًا واحدًا ووضاحًا قابلًا لممارسة الحق خلال ثلاث سنوات بسعر 0.20 دولارًا للسهم.
تم إصدار 145,250 وحدة Finder's كأتعاب. اشترك المدير جون لي في 193,750 وحدة مقابل 31,000 دولار؛ هذه صفقة مع أشخاص ذوي صلة اعتمدت الشركة على استثناءات MI 61-101 وستقدم تقريرًا عن التغيير المادي. تخضع الأوراق المالية لفترة حظر تنظيمية مدتها أربعة أشهر زائد يوم واحد. من المتوقع استخدام العائدات لأغراض عامة للشركة.
Silver Elephant Mining Corp (OTCQB: SILEF) 于2025年10月15日完成非经纪人私募的第二阶段与最终轮募集，毛收益为445,411美元，通过以每单位0.16美元的价格出售2,783,824单位。每单位包括一股普通股和一份在三年内可按每股0.20美元行使的权证。
支付了145,250单位 Finder's Units作为佣金。董事John Lee以31,000美元认购了193,750单位；这是一次关联方交易，公司基于MI 61-101的豁免，后续将提交重大变动报告。证券将受四个月零一日的监管禁售期约束。募集资金预计将用于一般企业用途。
- Gross proceeds of $445,411
- 2,783,824 Units issued at $0.16 per Unit
- Warrants exercisable at $0.20 for three years
- Issued 145,250 Finder's Units as finders' fees
- Immediate dilution from 2,783,824 newly issued Shares
- Potential further dilution from 2,783,824 outstanding Warrants
- Related party subscription: 193,750 Units by director John Lee
- Use of proceeds stated as general corporate purposes (unspecified)
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE:1P2) ("Silver Elephant" or the "Company") announces that, further to its news release dated September 4, 2025 and September 17, 2025, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of
Finder's Fees of 145,250 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 193,750 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/270595
FAQ
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