Silver Elephant Announces Private Placement Offering of Up To 3,000,000 Units for Gross Proceeds of Up to $1,500,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
Silver Elephant Announces Private Placement Offering
of Up To 3,000,000 Units
for Gross Proceeds of Up to $1,500,000
Vancouver, British Columbia, August 8, 2022 – Silver Elephant Mining Corp. (“Silver Elephant” or
the “Company”) (TSX: ELEF, OTCQX: SILEF, Frankfurt:1P2N) announces that, subject to the
approval of the Toronto Stock Exchange (the “TSX”), it proposes to undertake a non -brokered private
placement (the “Placement”) of up to 3 million Units of the Company (the “Units”) at a price of $0.50 per
Unit to raise aggregate gross proceeds of up to $1,500,000. Each Unit will consist of one common share
of the Company and one- half share purchase warrant with each whole warrant entitling the holder to
purchase one additional share of the Company at a price of $0.65 per share for 3 years.
The securities issued as part of the Placement will be subject to a hold period of fou r months plus one
day from the date of issue.
Closing of the Placement is expected to occur on or about September 20, 2022.
A 6% Finder’s Fees, of cash or Units, may be payable in connection with Placement.
Proceeds of the Placement are expected to be used for exploration, working capital and general
corporate purposes.
The Placement and payment of any finder’s fees are subject to the approval of the TSX and other
customary closing conditions.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and
may not be offered or sold within the United States unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
About Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and exploration company listed on the Toronto
Stock Exchange.
The Company is advancing silver mining projects in Bolivia and plans to spin out Mongolia coal projects
in 2022.
2
Silver Elephant currently owns 37% of Battery Metals Royalties Corp., an investment company in nickel
and vanadium mining.
Further information on Silver Elephant can be found at www.silverelef.com
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
“John Lee”
Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
[email protected] www.silverelef.com
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to
matters which are not historical facts, are forward- looking information within the meaning of applicable securities
laws. Such forward- looking statements, which reflect management’s expectations regarding Silver Elephant’s
future growth, results of operations, performance, business prospects and opportunities, are based on certain
factors and assumptions and involve 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 statements.
These factors should be considered carefully, and readers should not place undue reliance on the Silver Elephant’s
forward-looking statements. Silver Elephant believes that the expectations reflected in the forward- looking
statements contained in this news release and the documents incorporated by reference herein are reasonable, but
no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant
has attempted to identify important factors that could cause actual actions, events or results to differ materially from
those described in forward looking statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. Silver Elephant undertakes no obligation to release publicly any future
revisions to forward- looking statements to reflect events or circumstances after the date of this news or to reflect
the occurrence of unanticipated events, except as expressly required by law.