Silver Elephant Provides Update On Its Pre-Consolidated Share Trading
Silver Elephant Provides Update On Its Pre-Consolidated
Share Trading
Vancouver, British Columbia, January 12, 2022 – Silver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces
further to the news release dated January 12, 2022 regarding the Effective Date for the Plan of
Arrangement, trading in the Company’s common shares will commence on a post-Arrangement
and post-Consolidation basis on Tuesday, January 18, 2022, or such l ater date as may be
determined by the TSX. The Company will issue a further press release to confirm the date on
which the common shares will commence trading on a post -Arrangement and post-
Consolidation basis.
Silver Elephant confirms that until such date, which will be beyond the Effective Date of January
14, 2022, the common shares will continue to trade on the TSX on a pre-Arrangement and pre-
Consolidation basis. Then at such date, the pre-Consolidated shares will undergo the exchange
pursuant to the Arrangement as follows:
The Consolidated common shares will be exchanged on the basis of 10 pre-Consolidation
common shares held for:
(i) one post-Consolidation common share of the Company;
(ii) one common share of Flying Nickel Mining Corp. (“Flying Nickel”);
(iii) one common share of Nevada Vanadium Mining Corp. (“ Nevada
Vanadium”); and
(iv) two common shares of Battery Metals Royalties Corp. (“Battery Metals”).
For more information regarding the Arrangement, readers should refer to the Company’s
management information circular prepared in connection with the Meeting, a copy of which is
available at www.sedar.com and silverelef.com. Further information on Silver Elephant, Flying
Nickel, Nevada Vanadium, and Battery Metals can be found at www.silverelef.com,
flynickel.com, nevadavanadium.com, and royalbatt.com, respectively.
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 Regulat ion 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 n ews release, including statements which may contain words such as “expects”, “anticipates”, “intends”,
“plans”, “believes”, “estimates”, or similar expressions, and sta tements related to matters which are not historical facts, are forward -looking
information within the meaning of applicable securities laws. Such forward-looking statements, which include statements regarding the completion of
the Arrangement, issuance of a TSX trading bulletin in respect of the Arrangement and the settlement of securities in to beneficial shareholders’
accounts, 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, perfor mance, 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 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 import ant
factors that could cause actual actions or events 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 re flect the occurrence of
unanticipated events, except as expressly required by law.
None of the securities to be issued pursuant to the Flying Nickel Offering have been or will be registered under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issuable in the transaction are anticipated to be
issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities A ct and
applicable exemptions under state securities laws. This press release does not co nstitute an offer to sell or the solicitation of an offer to buy any
securities.