Silver Elephant Announces Voluntary Deregistration with the SEC
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Silver Elephant Announces Voluntary Deregistration with
the SEC
Vancouver, British Columbia, January 22, 2024 — Silver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX:ELEF, OTC:SILEF, Frankfurt:1P2) announces that on
January 18, 2024 the Company filed a Form 15 with the United States Securities and Exchange
Commission (“SEC”) with the intention of voluntaril y deregistering its common shares with the
SEC as a cost saving measure. The Company’s common shares do not trade on a national stock
exchange such as NYSE or NYSE American in the United States and are not otherwise required
to be registered.
This move does not affect the trading and listing of the Company’s common shares on the Toronto
Stock Exchange.
The Company’s reporting obligations under Section 12(b) of the U.S. Securities Exchange Act of
1934, as amended (the “Exchange Act”) are currently suspended and the termination of its
reporting obligations under Section 12(b) of the Exchange Act is expected to take effect 90 days
after filing the Form 15. The deregistration will r esult in the Company ceasing to be a reporting
company with the SEC.
Following the effective date of deregistration, the Company intends to upgrade its OTC quotation
to a higher tier such as OTCQB or OTCQX in the United States.
About Silver Elephant
Silver Elephant is a silver mining and exploration company whose primary project is the Pulacayo
silver project in Bolivia. The common shares of the Company are listed for trading on the Toronto
Stock Exchange.
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
www.silverelef .com
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FORWARD-LOOKING INFORMATION
This news release contains “forward-looking informa tion” 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”, “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 opp ortunities, 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 cludes the expected termination of reporting
obligations of the Company under the Exchange Act, and the intention to upgrade the quotation
of the Company’s common shares on the OTC Markets.
Forward-looking information involves significant risks and uncertainties, should not be read as a
guarantee 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 information,
including but not limited to: the SEC objecting to deregistration, which would result in the common
shares continuing to be registered and the Company being required to resume SEC reporting on
EDGAR; unanticipated delays with the deregistration taking effect; and receiving approval for
trading of the Company’s common shares on the OTCQX or OTCQB including meeting all
conditions required for such approval. Additional r isk factors are set out in the Company’s latest
annual and interim management’s discussion and anal ysis and annual information form (AIF),
available 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.