Silver Elephant Mining proposes to raise up to $1.5M in stock and warrants offering

Aug. 08, 2022 3:51 AM ETSilver Elephant Mining Corp. (SILEF)By: Meghavi Singh, SA News Editor
  • Silver Elephant Mining (OTCQX:SILEF) proposes to undertake a non-brokered private placement of up to 3M units of the company at a price of $0.50/unit to raise aggregate gross proceeds of up to $1.5M.
  • Each unit will consist of one common share and one-half share purchase warrant with each whole warrant entitling the holder to purchase one additional share of the company at a price of $0.65/share for 3 years.
  • The securities will be subject to a hold period of four months plus one day from the date of issue.
  • Closing of the placement is expected to occur on or about September 20, 2022.
  • A 6% Finder's Fees, of cash or units, may be payable in connection with placement.
  • Proceeds of the placement are expected to be used for exploration, working capital and general corporate purposes.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.