Silver Elephant Announces Private Placement Offering of Up To 15,000,000 Common Shares for Gross Proceeds of Up To $3,300,000

About this update from Silver Elephant Mining Corp

[{"type":"text","content":"Silver Elephant Announces Private Placement Offering of Up To 15,000,000 Common Shares for Gross Proceeds of Up To $3,300,000VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / September 6, 2021 / Silver Elephant Mining Corp. (\"Silver Elephant\" or the \"Company\") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that, subject to the approval of the Toronto Stock Exchange (the \"TSX\"), it proposes to undertake a non-brokered private placement (the \"Placement\") of up to 15 million common shares of the Company (the \"Shares\") at a price of $0.22 per Share to raise aggregate gross proceeds of up to $3,300,000.The Shares 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 22, 2021.The Company has engaged Canaccord Genuity Corp, and Red Cloud Securities to act as its financial advisors for the offering, and may compensate persons who act as finders in connection with the Placement and in accordance with the policies of the TSX.Proceeds of the Placement are expected to be used for exploration, working capital and general corporate purposes.The Placement and payment of any finder's fees are subject to the approval of the TSX and other customary closing conditions.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 (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within 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 ElephantSilver Elephant Mining Corp. is a premier mining and exploration company in silver, nickel, and vanadium.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.ON BEHALF OF THE BOARD\"John Lee\"Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:+1.604.569.3661 ext. [email protected] the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the ade...

More updates from Silver Elephant Mining Corp