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Silver Elephant Mining Announces CAD 200,000 Non-Brokered Private Placement
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Highlights
Silver Elephant Mining Corp. (TSX:ELEF) is a mineral exploration company focused on projects in Bolivia, with a portfolio of assets primarily targeting gold and silver resources. The company is listed on the Toronto Stock Exchange under the symbol ELEF, as well as trading on the OTCQB under SILEF and the Frankfurt Stock Exchange under 1P2.
The company has announced a non-brokered private placement aimed at raising gross proceeds of approximately CAD 200,000. The placement involves the issuance of 1,000,000 units at a price of CAD 0.20 per unit. Each unit under the private placement will comprise one common share and one share purchase warrant. Each warrant allows the holder to acquire an additional common share at an exercise price of CAD 0.30 per share. The warrants will be exercisable for a period of three years from the date of issuance. The securities issued in connection with the placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities regulations.
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