EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103
Vancouver, British Columbia–(Newsfile Corp. – March 28, 2024) – Silver Elephant Mining Corp. (TSX: ELEF) (OTC: SILEF) (FSE: 1P2) (“Silver Elephant” or the “Company”) is pleased to announce that it has acquired 3,500,000 units (the “Units”, and each a “Unit”) of Oracle Commodity Holding Corp. (“Oracle”) by way of private placement (the “Acquisition”).
On March 28, 2024, Silver Elephant acquired the Units at a price of $0.05 each for a total purchase price of $175,000. Each Unit consists of one common share of Oracle (“Oracle Share”) and one share purchase warrant (“Oracle Warrant”). Each Oracle Warrant is exercisable to purchase one additional Oracle Share at a price of $0.06 each for a period of three years from the closing date of the Acquisition. This Acquisition represents an increase of 3.56% in Silver Elephant’s ownership interest in the issued and outstanding Oracle…
