Silver Elephant Increases Non-Brokered Private Plac ement to $465,000
Silver Elephant Increases Non-Brokered Private Plac ement
to $465,000
Vancouver, British Columbia, January 30, 2025 — Silver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX: ELEF, OTCQB:SILEF, Frankfurt:1P2) announces that,
further to its news release dated January 16, 2025 and January 27, 2025, it has increased the
size of the private placement (the “Private Placeme nt”) to 3,100,000 units (the “Units”) for
aggregate gross proceeds of $465,000 at a price of $0.15 per Unit. Each unit consists of one
common share of the Company (“Share”) and one share purchase warrant with each 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 increase is subject to approval by the Toronto Stock Exchange.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company wi th the Paca silver project and Triunfo gold
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”
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
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 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 forwar d-looking statements. Forward-looking
information in this news release includes the expected gross proceeds of the Private Placement,
use of proceeds raised from the Private Placement.
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 financ ing 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 statements are based on reasonable assumptions by management as of the
date of this news release, and there can be no assu rance 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 revis e any forward-looking statements in this
news release to reflect circumstances or events tha t occur after the date of this news release,
except as required by applicable securities laws.