Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $44,000
Silver Elephant Mining (OTCQB: SILEF) has completed the second and final tranche of its non-brokered private placement, raising $44,000 through the sale of 220,000 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.
Company Director John Lee subscribed for all 220,000 units. The transaction qualifies as a related party transaction under MI 61-101, but was exempt from formal valuation and minority shareholder approval requirements as it represented less than 25% of the company's market capitalization. Proceeds will be used for general corporate purposes.
Silver Elephant Mining (OTCQB: SILEF) ha completato la seconda e ultima tranche della sua collocazione privata senza intermediari, raccogliendo 44.000 dollari tramite la vendita di 220.000 unità a 0,20 dollari per unità. Ogni unità comprende una azione ordinaria e un warrant, con warrant esercitabili a 0,30 dollari per azione per tre anni.
Il Direttore della società, John Lee, ha sottoscritto tutte le 220.000 unità. L'operazione è qualificata come una transazione con parti correlate ai sensi del MI 61-101, ma è stata esentata dai requisiti di valutazione formale e di approvazione da parte degli azionisti di minoranza poiché rappresentava meno del 25% della capitalizzazione di mercato della società. I proventi saranno utilizzati per scopi aziendali generali.
Silver Elephant Mining (OTCQB: SILEF) ha completado la segunda y última tranche de su colocación privada sin intermediarios, recaudando 44,000 dólares mediante la venta de 220,000 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.
El Director de la compañía, John Lee, suscribió todas las 220,000 unidades. La transacción se califica como una operación con partes relacionadas según MI 61-101, pero estuvo exenta de los requisitos formales de valoración y aprobación de accionistas minoritarios, ya que representaba menos del 25% de la capitalización de mercado de la empresa. Los fondos se utilizarán para propósitos corporativos generales.
Silver Elephant Mining (OTCQB: SILEF)는 중개인 없이 진행된 비공개 배정의 두 번째이자 마지막 분할을 완료하여 단위당 0.20달러에 220,000 단위를 판매하여 44,000달러를 조달했습니다. 각 단위는 보통주 1주와 워런트 1주를 포함하며, 워런트는 3년간 주당 0.30달러에 행사할 수 있습니다.
회사 이사인 John Lee가 220,000 단위 전부를 청약했습니다. 이 거래는 MI 61-101에 따른 관련 당사자 거래로 분류되나, 회사 시가총액의 25% 미만을 차지하여 공식 평가 및 소액주주 승인 요건에서 면제되었습니다. 조달 자금은 일반 기업 목적에 사용될 예정입니다.
Silver Elephant Mining (OTCQB : SILEF) a finalisé la deuxième et dernière tranche de son placement privé sans intermédiaire, levant 44 000 $ grâce à la vente de 220 000 unités au prix de 0,20 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,30 $ par action pendant trois ans.
Le directeur de la société, John Lee, a souscrit la totalité des 220 000 unités. La transaction est considérée comme une opération avec une partie liée selon le MI 61-101, mais a été exemptée des exigences d’évaluation formelle et d’approbation des actionnaires minoritaires car elle représentait moins de 25 % de la capitalisation boursière de l’entreprise. Les fonds seront utilisés à des fins générales d’entreprise.
Silver Elephant Mining (OTCQB: SILEF) hat die zweite und letzte Tranche seiner nicht vermittlergebundenen Privatplatzierung abgeschlossen und dabei 44.000 US-Dollar durch den Verkauf von 220.000 Einheiten zu je 0,20 US-Dollar pro Einheit eingenommen. Jede Einheit besteht aus einer Stammaktie und einem Optionsschein, wobei die Optionsscheine drei Jahre lang zu 0,30 US-Dollar pro Aktie ausgeübt werden können.
Firmen-Direktor John Lee hat alle 220.000 Einheiten gezeichnet. Die Transaktion gilt gemäß MI 61-101 als Transaktion mit nahestehenden Parteien, war jedoch von den Anforderungen einer formellen Bewertung und der Zustimmung von Minderheitsaktionären ausgenommen, da sie weniger als 25 % der Marktkapitalisierung des Unternehmens ausmachte. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet.
- None.
- Small private placement size of only $44,000 indicates limited funding
- Entire placement subscribed by company insider suggests possible lack of external investor interest
- Dilutive effect on existing shareholders through issuance of new shares and warrants
Vancouver, British Columbia--(Newsfile Corp. - June 27, 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 and June 25, 2025, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of
John Lee, a Director of the Company subscribed for 220,000 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/257217
FAQ
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