Mr. John Lee reports
SILVER ELEPHANT ANNOUNCES PRIVATE PLACEMENT OFFERING OF UP TO 15,000,000 COMMON SHARES FOR GROSS PROCEEDS OF UP TO $3,300,000
Subject to the approval of the Toronto Stock Exchange, Silver Elephant Mining Corp. proposes to undertake a non-brokered private placement of up to 15 million common shares of the company at a price of 22 cents per share to raise aggregate gross proceeds of up to $3.3-million.
The shares will be subject to a hold period of four months plus one day from the date of issue.
Closing of the placement is expected to occur on or about Sept. 22, 2021.
The company has engaged Canaccord Genuity Corp. and Red Cloud Securities to act as its financial advisers for the offering, and may compensate persons who act as finders in connection with the placement and in accordance with the policies of the Toronto Stock Exchange.
Proceeds of the placement are expected to be used for exploration, working capital and general corporate purposes.
The placement and payment of any finders' fees are subject to the approval of the TSX and other customary closing conditions.
About Silver Elephant Mining Corp.
Silver Elephant is a premier mining and exploration company in silver, nickel and vanadium.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.