Silver Elephant Closes First Tranche of Non-Brokered Private Placement raising Gross Proceeds of $172,000
Silver Elephant Mining (OTCQB: SILEF) has completed the first tranche of its non-brokered private placement, raising $172,000 through the sale of 860,000 units at $0.20 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.30 per share for three years.
Notable participants include Director John Lee subscribing for 150,000 units ($30,000) and major shareholder Ron Motz acquiring 200,000 units ($40,000). The company paid Finder's Fees of 33,250 Finder's Units. The proceeds will be used for general corporate purposes, with securities subject to a four-month plus one day regulatory hold period.
Silver Elephant Mining (OTCQB: SILEF) ha completato la prima tranche della sua collocazione privata senza intermediari, raccogliendo 172.000 dollari tramite la vendita di 860.000 unit脿 a 0,20 dollari per unit脿. Ogni unit脿 comprende un'azione ordinaria e un warrant, con i warrant esercitabili a 0,30 dollari per azione per tre anni.
Tra i partecipanti di rilievo figurano il Direttore John Lee, che ha sottoscritto 150.000 unit脿 (30.000 dollari), e il principale azionista Ron Motz, che ha acquisito 200.000 unit脿 (40.000 dollari). La societ脿 ha corrisposto commissioni di collocamento pari a 33.250 unit脿 di Finder. I proventi saranno utilizzati per scopi societari generali, con i titoli soggetti a un periodo di blocco regolamentare di quattro mesi pi霉 un giorno.
Silver Elephant Mining (OTCQB: SILEF) ha completado la primera tanda de su colocaci贸n privada sin intermediarios, recaudando 172,000 d贸lares mediante la venta de 860,000 unidades a 0.20 d贸lares por unidad. Cada unidad incluye una acci贸n com煤n y una garant铆a, con garant铆as ejercitables a 0.30 d贸lares por acci贸n durante tres a帽os.
Entre los participantes destacados se encuentran el Director John Lee, suscribiendo 150,000 unidades (30,000 d贸lares), y el accionista mayoritario Ron Motz, que adquiri贸 200,000 unidades (40,000 d贸lares). La compa帽铆a pag贸 honorarios de intermediaci贸n de 33,250 unidades de Finder. Los fondos se destinar谩n a fines corporativos generales, con valores sujetos a un per铆odo de retenci贸n regulatoria de cuatro meses m谩s un d铆a.
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欤检殧 彀胳棳鞛愲電� 鞚挫偓 John Lee臧� 150,000 雼渼(30,000雼煬)毳� 觳暯頄堦碃, 欤检殧 欤检＜ Ron Motz臧� 200,000 雼渼(40,000雼煬)毳� 鞚胳垬頄堨姷雼堧嫟. 須岇偓電� 33,250 雼渼鞚� Finder 靾橃垬耄岆ゼ 歆�旮夗枅鞀惦媹雼�. 臁半嫭霅� 鞛愱笀鞚� 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄霅橂┌, 歃濌秾鞚� 4臧滌洈 氚� 1鞚检潣 攴滌牅 氤挫湢 旮瓣皠鞚� 鞝侅毄霅╇媹雼�.
Silver Elephant Mining (OTCQB : SILEF) a finalis茅 la premi猫re tranche de son placement priv茅 sans interm茅diaire, levant 172 000 $ gr芒ce 脿 la vente de 860 000 unit茅s 脿 0,20 $ l'unit茅. Chaque unit茅 comprend une action ordinaire et un bon de souscription, ces derniers 茅tant exer莽ables 脿 0,30 $ par action pendant trois ans.
Parmi les participants notables figurent le directeur John Lee, qui a souscrit 150 000 unit茅s (30 000 $), et le principal actionnaire Ron Motz, qui a acquis 200 000 unit茅s (40 000 $). La soci茅t茅 a vers茅 des frais d'interm茅diaire de 33 250 unit茅s Finder. Les fonds seront utilis茅s 脿 des fins g茅n茅rales d'entreprise, les titres 茅tant soumis 脿 une p茅riode de blocage r茅glementaire de quatre mois plus un jour.
Silver Elephant Mining (OTCQB: SILEF) hat die erste Tranche seiner nicht 眉ber Broker vermittelten Privatplatzierung abgeschlossen und dabei 172.000 US-Dollar durch den Verkauf von 860.000 Einheiten zu je 0,20 US-Dollar eingenommen. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei die Warrants f眉r drei Jahre zum Preis von 0,30 US-Dollar pro Aktie ausge眉bt werden k枚nnen.
Bedeutende Teilnehmer sind Direktor John Lee, der 150.000 Einheiten (30.000 US-Dollar) zeichnete, sowie Gro脽aktion盲r Ron Motz, der 200.000 Einheiten (40.000 US-Dollar) erwarb. Das Unternehmen zahlte Vermittlungsgeb眉hren in H枚he von 33.250 Finder-Einheiten. Die Erl枚se werden f眉r allgemeine Unternehmenszwecke verwendet, wobei die Wertpapiere einer viermonatigen zuz眉glich eines Tages dauernden regulatorischen Haltefrist unterliegen.
- Insider participation demonstrates management confidence with Director and major shareholder investments
- Warrants provide potential additional funding at $0.30 per share
- Successfully raised initial capital of $172,000 for operations
- Small offering size of only $172,000 may indicate limited investor interest
- Dilutive effect on existing shareholders
- Relatively low offering price of $0.20 per unit
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that, further to its news releases dated June 11, 2025, it has closed the first tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of
Finder's Fees of 33,250 Finder's Units were paid with each Finder's Unit consisting of one Share and one Warrant.
John Lee, a Director of the Company subscribed for 150,000 Units for gross proceeds of
The securities issued under 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 Private Placement are expected to be used for general corporate purposes.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of that jurisdiction.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.
Further information on Silver Elephant can be found at .
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
[email protected]
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement.
Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at
Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
Not for distribution to the United States Newswire Services or For Dissemination, Distribution, Release or Publication, Directly or Indirectly into the United States
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FAQ
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