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.

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