Vancouver, British Columbia–(Newsfile Corp. – April 9, 2024) – Silver Elephant Mining Corp. (TSX: ELEF) (OTC: SILEF) (FSE: 1P2N) (“Silver Elephant” or the “Company”), is pleased to announce that it proposes to undertake a non-brokered private placement (the “Private Placement”) to raise gross proceeds of $210,000 through the sale of 700,000 units (the “Units”) at a price of $0.30 per Unit. Each Unit consists of one common share of the Company and one-half of one share purchase warrant with each whole warrant (the “Warrant”) entitling the holder to purchase one additional common share of the Company at a price of $0.45 per share for a period of three years from issuance (the “Private Placement”).
The securities issued as part of 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 Placement are expected to be used for working capital and general corporate…
