VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / September 6, 2021 / Silver Elephant Mining Corp.(“Silver Elephant” or the “Firm”) (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) declares that, topic to the approval of the Toronto Inventory Alternate (the “TSX”), it proposes to undertake a non-brokered non-public placement (the “Placement“) of as much as 15 million widespread shares of the Firm (the “Shares“) at a value of $0.22 per Share to boost mixture gross proceeds of as much as $3,300,000.
The Shares will probably be topic to a maintain interval of 4 months plus in the future from the date of subject.
Closing of the Placement is anticipated to happen on or about September 22, 2021.
The Firm has engaged Canaccord Genuity Corp, and Pink Cloud Securities to behave as its monetary advisors for the providing, and will compensate individuals who act as finders in reference to the Placement and in accordance with the insurance policies of the TSX.
Proceeds of the Placement are anticipated for use for exploration, working capital and common company functions.
The Placement and fee of any finder’s charges are topic to the approval of the TSX and different customary closing circumstances.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the USA. The securities haven’t been and won’t be registered underneath the USA Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities legal guidelines and will not be supplied or bought inside the USA until registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is out there.
About Silver Elephant
Silver Elephant Mining Corp. is a premier mining and exploration firm in silver, nickel, and vanadium.
Additional data on Silver Elephant will be discovered at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
For extra details about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
Neither the Toronto Inventory Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Toronto Inventory Alternate) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Word Relating to Ahead-Wanting Statements
Sure statements contained on this information launch, together with statements which can comprise phrases comparable to “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or comparable expressions, and statements associated to issues which aren’t historic information, are forward-looking data inside the which means of relevant securities legal guidelines. Such forward-looking statements, which mirror administration’s expectations relating to Silver Elephant’s future progress, outcomes of operations, efficiency, enterprise prospects and alternatives, are based mostly on sure components and assumptions and contain recognized and unknown dangers and uncertainties which can trigger the precise outcomes, efficiency, or achievements to be materially totally different from future outcomes, efficiency, or achievements expressed or implied by such forward-looking statements.
These components must be thought-about fastidiously, and readers shouldn’t place undue reliance on the Silver Elephant’s forward-looking statements. Silver Elephant believes that the expectations mirrored within the forward-looking statements contained on this information launch and the paperwork integrated by reference herein are cheap, however no assurance will be provided that these expectations will show to be right. As well as, though Silver Elephant has tried to determine essential components that would trigger precise actions, occasions or outcomes to vary materially from these described in ahead trying statements, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. Silver Elephant undertakes no obligation to launch publicly any future revisions to forward-looking statements to mirror occasions or circumstances after the date of this information or to mirror the incidence of unanticipated occasions, besides as expressly required by regulation.
SOURCE: Silver Elephant Mining Corp.
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