Business
Silver Elephant Closes Final Tranche of Oversubscribed Private Placement for Gross Proceeds of $1,796,000
VANCOUVER, BC / ACCESSWIRE / November 15, 2021 / Silver Elephant Mining Corp. ("Silver Elepha...
About this update from Silver Elephant Mining Corp
[{"type":"text","content":"Silver Elephant Closes Final Tranche of Oversubscribed Private Placement for Gross Proceeds of $1,796,000VANCOUVER, BC / ACCESSWIRE / November 15, 2021 / Silver Elephant Mining Corp. (\"Silver Elephant\" or the \"Company\") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces it has closed the third and final tranche (the \"Closing\") of its private placement offering announced on September 6, 2021 which was upsized as described in a news release on October 22, 2021.Pursuant to the Closing, the Company issued 8,163,640 Shares for gross proceeds of $1,796,000. In total, the Company raised $3,740,000 through the aggregate sale of 17,000,000 common shares of the Company (\"Shares\") at $0.22 per Share.No fees were paid in connection with this third tranche closing.The Shares issued in connection with the Closing are subject to a regulatory hold period expiring on March 13, 2022.The Closing proceeds are expected to be used for the Company's mineral project development and for general working capital purposes.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] www.silverelef.comNeither 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 adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking StatementsCertain 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 historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding Silver Elephant's future 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 act...