Silver Elephant Closes 2nd and Final Tranche of Private Placement for Gross Proceeds of $75,000
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Silver Elephant Closes 2nd and Final Tranche of Private
Placement for Gross Proceeds of $75,000
Vancouver, British Columbia, May 27, 2024 — Silver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX:ELEF, OTC:SILEF, Frankfurt:1P2N) is pleased to announce
that, further to its news release dated April 8, 2024, and April 29, 2024, it has closed the second
tranche of its non-brokered private placement offer ing (the “ Private Placement ”) raising gross
proceeds of $75,000 in this final tranche through the sale of 250,000 units (the “Units”) at a price
of $0.30 per Unit. No Finders Fees were paid in this closing.
Each Unit consists of one common share of the Compa ny and one-half of one share purchase
warrant with each whole warrant (the “Warrant”) ent itling the holder to purchase one additional
common share of the Company at a price of $0.45 per share for a period of three years from
issuance.
Proceeds of the Placement will be used for working capital and general corporate purposes.
The securities issued as part of the Private Placement is subject to a regulatory hold period and
cannot be traded until September 24, 2024.
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 (t he “U.S. Securities Act”) or any state
securities laws and may not be offered or sold with in 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 Mining Corp.
Silver Elephant is a silver mining and exploration company, with its flagship Pulacayo silver project
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”
Executive Chairman
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For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
[email protected] www.silverelef .com
FORWARD-LOOKING INFORMATION
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 his torical facts, are forward-looking information
within the meaning of applicable securities laws. S uch forward-looking statements, which reflect
management’s expectations regarding the Company's f uture growth, results of operations,
performance, business prospects and opportunities, are based on certain factors and assumptions
and involve known and unknown risks and uncertainti es which may cause the actual results,
performance, or achievements to be materially diffe rent from future results, performance, or
achievements expressed or implied by such forward-l ooking statements. Forward-looking
information in this news release includes the expec ted gross proceeds of the Private Placement,
and use of proceeds raised from the Private Placement.
Forward-looking statements are 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 statements 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 statements 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.