Vancouver, British Columbia–(Newsfile Corp. – July 25, 2024) – Silver Elephant Mining Corp. (TSX: ELEF) (OTC Pink: SILEF) (FSE: 1P2) (“Silver Elephant” or the “Company“) announces that, further to its news release dated July 11, 2024, it has closed the first tranche of its non-brokered private placement offering (the “Private Placement“) raising gross proceeds of $1,111,584 through the issuance of 2,315,800 units (the “Units“) at a price of $0.48 per Unit.
Each Unit consists of one common share of the Company and one share purchase warrant with each warrant (the “Warrant“) entitling the holder to purchase one additional common share of the Company at a price of $0.70 per share for a period of three years from issuance.
In connection with a portion of the closing of the first tranche, 159,978 Units were issued as a finder’s fee to Canaccord Genuity Corp. (as to 131,978 Units) and Glores Securities Inc. (as to 28,000…
