Silver Elephant Closes 1 st Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $198,450
Silver Elephant Closes 1 st Tranche of Non-Brokered Private
Placement Raising Gross Proceeds of $198,450
Vancouver, British Columbia – October 18, 2024 — Si lver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX: ELEF, OTCQB: SILEF, Frankfurt: 1P2) announces that,
further to its news release dated October 7, 2024, it has closed the first tranche of its non-brokered
private placement (the “Private Placement”) raising gross proceeds of $198,450 through the sale
of 405,000 units (the “Units”) at a price of $0.49 per unit.
Each unit consists of one common share of the Compa ny (“Share”) and one share purchase
warrant with each warrant (the “Warrant”) entitling the holder to purchase one additional Share at
a price of $0.55 per Share for a period of three years from issuance.
The securities issued as part of 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.
The Company paid a finder’s fee to Canaccord Genuity Corp. in connection with a portion of the
Private Placement by way of issuance of 4,900 Units.
About Silver Elephant Mining Corp.
Silver Elephant is a silver mining company, with it s flagship Pulacayo-Paca silver project in
production since October 2023 in Bolivia.
Further information on Silver Elephant can be found at www.silverelef.com .
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
Neither the TSX nor its Regulation Services Provide r (as that term is defined in policies of the
TSX) accepts responsibility for the adequacy or accuracy of this release.