Mr. John Lee reports
SILVER ELEPHANT CLOSES 2ND AND FINAL TRANCHE OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $75,000
Silver Elephant Mining Corp., further to its news release dated April 8, 2024, and April 29, 2024, has closed the second tranche of its non-brokered private placement offering, raising gross proceeds of $75,000 in this final tranche through the sale of 250,000 units at a price of 30 cents per unit. No finders' fees were paid in this closing.
Each unit consists of one common share of the company and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company at a price of 45 cents per share for a period of three years from issuance.
Proceeds of the placement will be used for working capital and general corporate purposes.
The securities issued as part of the private placement are subject to a regulatory hold period and cannot be traded until Sept. 24, 2024.
About Silver Elephant Mining Corp.
Silver Elephant is a silver mining and exploration company, with its flagship Pulacayo silver project in Bolivia.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.