Silver Elephant Mining Corp. (SILEF) has announced an increase to its previously announced non-brokered private placement, now aiming to raise $220,000 through the sale of 1.1 million 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 insiders will participate by subscribing for up to 600,000 units ($120,000). The company may pay Finder's Fees of up to 7% in Finder's Units. The private placement requires TSX approval, and securities will have a four-month plus one-day hold period. Proceeds will be used for general corporate purposes.
Silver Elephant Mining Corp. (SILEF) ha annunciato un aumento dell'offerta privata non intermedia precedentemente comunicata, puntando ora a raccogliere 220.000 dollari tramite la vendita di 1,1 milioni di unità a 0,20 dollari ciascuna. Ogni unità comprende un'azione ordinaria e un warrant, con warrant esercitabili a 0,30 dollari per azione per un periodo di tre anni. I dirigenti della società parteciperanno sottoscrivendo fino a 600.000 unità (120.000 dollari). La società potrà corrispondere commissioni di intermediazione fino al 7% in unità di intermediazione. L'offerta privata richiede l'approvazione della TSX e i titoli avranno un periodo di blocco di quattro mesi più un giorno. I proventi saranno utilizzati per scopi aziendali generali.
Silver Elephant Mining Corp. (SILEF) ha anunciado un aumento en su colocación privada no intermediada previamente anunciada, con el objetivo de recaudar ahora 220,000 dólares mediante la venta de 1.1 millones de 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. Los directivos de la empresa participarán suscribiendo hasta 600,000 unidades (120,000 dólares). La compañía podrá pagar honorarios de intermediación de hasta un 7% en unidades de intermediación. La colocación privada requiere la aprobación de la TSX y los valores tendrán un período de retención de cuatro meses más un día. Los fondos se utilizarán para propósitos corporativos generales.
Silver Elephant Mining Corp. (SILEF)는 이전에 발표한 비중개 사모 발행을 확대하여, 단위당 0.20달러에 110만 단위를 판매해 총 22만 달러를 조달할 계획이라고 발표했습니다. 각 단위는 보통주 1주와 워런트 1개로 구성되며, 워런트는 3년간 주당 0.30달러에 행사할 수 있습니다. 회사 내부 관계자들은 최대 60만 단위(12만 달러)를 청약할 예정입니다. 회사는 중개인 수수료로 최대 7%를 중개 단위로 지급할 수 있습니다. 이 사모 발행은 TSX 승인을 필요로 하며, 증권은 4개월 플러스 1일의 보호예수 기간이 적용됩니다. 조달 자금은 일반 기업 목적에 사용될 예정입니다.
Silver Elephant Mining Corp. (SILEF) a annoncé une augmentation de son placement privé non parrainé précédemment annoncé, visant désormais à lever 220 000 dollars par la vente de 1,1 million d’unités à 0,20 dollar chacune. Chaque unité comprend une action ordinaire et un bon de souscription, ces derniers étant exerçables à 0,30 dollar par action pendant trois ans. Les initiés de la société participeront en souscrivant jusqu’à 600 000 unités (120 000 dollars). La société peut verser des frais de recherche pouvant atteindre 7 % en unités de recherche. Le placement privé nécessite l’approbation de la TSX, et les titres seront soumis à une période de blocage de quatre mois plus un jour. Les fonds seront utilisés à des fins générales d’entreprise.
Silver Elephant Mining Corp. (SILEF) hat eine Erhöhung ihrer zuvor angekündigten nicht vermittelten Privatplatzierung bekannt gegeben und strebt nun an, 220.000 USD durch den Verkauf von 1,1 Millionen Einheiten zu je 0,20 USD zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei die Warrants drei Jahre lang zu 0,30 USD pro Aktie ausgeübt werden können. Insider des Unternehmens werden sich durch die Zeichnung von bis zu 600.000 Einheiten (120.000 USD) beteiligen. Das Unternehmen kann Finder's Fees von bis zu 7 % in Finder's Units zahlen. Die Privatplatzierung erfordert die Genehmigung der TSX, und die Wertpapiere unterliegen einer Haltefrist von vier Monaten plus einem Tag. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet.
Positive
Insider participation of up to $120,000 demonstrates management confidence
Warrants provide potential additional funding at $0.30 per share over three years
Negative
Small offering size of only $220,000 may not provide significant working capital
Potential dilution for existing shareholders
Offering price of $0.20 per unit may reflect current market weakness
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it proposes to amend the terms of the non-brokered private placement (the "Private Placement") announced earlier today. The Private Placement will be increased to raise gross proceeds of $220,000 through the sale of 1,100,000 units (the "Units") at a price of $0.20 per unit. Each unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant") with each warrant entitling the holder to purchase one additional Share at a price of $0.30 per Share for a period of three years from issuance.
A Finder's Fees of up to 7% Finder's Units may be payable. Each Finder's Unit will consist of one common share of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.30 per share for three years.
Company insiders will be subscribing for up to 600,000 Units for gross proceeds of up to $120,000. The issuance of Units to the insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insiders' participation in the Private Placement will not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction.
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 ("TSX").
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
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.
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