Silver Elephant arranges $1.82-million financing
SILVER ELEPHANT Mining Corp. is undertaking a nonbrokered private placement involving the issuance of up to 14 million units at a price of 13 cents per unit. Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder to acquire an additional share at a price of 16 cents per share for a period of three years from the date of issuance.
The company expects to raise total cash proceeds of up to $1.82-million to be used to develop the company’s mineral projects and for general working capital purposes.
The shares will be subject to a minimum hold period of four months plus one day from the date of issue. Finder’s fees may be paid in cash or units, in certain instances in connection with the placement.
The placement and payment of any finder’s fees are subject to the approval of the Toronto Stock Exchange and other customary closing conditions.
About Silver Elephant Mining Corp.
Silver Elephant is developing its premier Pulacayo silver project in Bolivia.
We seek Safe Harbor.
Ronald W Clayton, Douglas Gregory Hall, Masa Igata, Marc Paul Francois Leduc, John Lee
(ELEF) Shares: 122,915,508