- Silver Elephant Mining Corp. (ELEF) has increased the size of its private placement for gross proceeds of up to $1,381,477
- The company will issue up to 3,069,950 units for $0.45 per unit
- The company intends to use the proceeds of the placement for exploration, working capital and general corporate purposes
- Silver Elephant Mining Corp. is a silver mining and exploration company
- Silver Elephant Mining Corp. (ELEF) is unchanged on the day, trading at C$0.54 per share at 1:30 pm ET
Silver Elephant Mining Corp. (ELEF) has increased the size of its private placement for gross proceeds of up to $1,381,477.
Under the previously announced offering, the company will issue up to 3,069,950 units for $0.45 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of $0.55 per share for 3 years.
All other terms of the offering remain unchanged.
The company intends to use the proceeds of the placement for exploration, working capital and general corporate purposes.
Silver Elephant Mining Corp. is a silver mining and exploration company.
Silver Elephant Mining Corp. (ELEF) is unchanged on the day, trading at C$0.54 per share at 1:30 pm ET.
