Silver Elephant Announces a $300,000 Non-Brokered Private Placement
Silver Elephant Announces a $300,000 Non-Brokered
Private Placement
Vancouver, British Columbia, April 1, 2025 — Silver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX: ELEF, OTC:SILEF, Frankfurt:1P2) announces that it
proposes to undertake a non-brokered private placement (the “Private Placement”) to raise gross
proceeds of $300,000 through the sale of 1,500,000 units (the “Units”) at a price of $0.20 per unit.
Each unit consists of one common share of the Compa ny (a “Share”) and one share purchase
warrant with each warrant (a “Warrant”) entitling the holder to purchase one additional Share at a
price of $0.30 per Share for a period of three years from issuance (the “Private Placement”).
A Finder’s Fees of up to 7% cash or 7% Finder’s Uni ts will be payable. Each Finder’s Unit will
consist of one common share of the Company and one non-transferable share purchase warrant
with each warrant entitling the holder to purchase one additional share of the Company at a price
of $0.30 per share for three years.
A Director of the Company will be subscribing for 4 00,000 Units for gross proceeds of $80,000.
The issuance of Units to the Director will be consi dered a related party transaction within the
meaning of Multilateral Instrument 61-101 – Protection of Mino rity Security Holders in Special
Transactions (“MI 61-101”). The Company relies on exemptions f rom the formal valuation and
minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-
101 on the basis that the Director’s participation in the Private Placement will not exceed 25% of
the fair market value of the Company’s market capit alization. The Company will file a material
change report in respect of the related party transaction.
The securities issued under the Private Placement w ill 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.
The Private Placement is subject to approval by the Toronto Stock Exchange (“TSX”).
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 www.silverelef.com .
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 ext. 101
www.silverelef.com
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking informa tion” and “forward-looking statements”
(collectively, “forward-looking information”) withi n the meaning of applicable securities laws.
Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,”
“will,” “anticipates,” “intends,” “could”, “estimat es”, “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 an d uncertainties which may cause the
actual results, performance, or achievements to be materially different from future results,
performance, or achievements expressed or implied b y such forward-looking information.
Forward-looking information in this news release in clude the expected gross proceeds of the
Private Placement, use of proceeds raised from the Private Placement, and the participation and
by certain insiders who are directors of the Company in the Private Placement and the amount of
such participation.
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; ab ility to complete the financing; 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 www.sedarplus.ca.
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. Reader s 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.