- Silver Elephant Mining Corp. (ELEF) is raising up to $675,000 for the exploration of the company’s Pulacayo silver mining project in Bolivia
- The company will issue up to 1.5 million units at a price of $0.45 per unit
- The offering is expected to close on or about April 5, 2023
- Silver Elephant Mining Corp. is a silver mining and exploration company
- Silver Elephant Mining Corp. (ELEF) opened trading at C$0.48
Silver Elephant Mining Corp. (ELEF) announced a non-brokered private placement to raise gross proceeds of up to $675,000.
Proceeds are expected to be used for exploration of the company’s Pulacayo silver mining project in Bolivia.
Under the offering, the company will issue up to 1.5 million units at a price of $0.45 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.55 per share for three years.
The securities issued are subject to a statutory four-month hold period.
The offering is expected to close on or about April 5, 2023.
John Lee, Executive Chairman, will be subscribing for up to 310,000 units for gross proceeds of up to $139,500.
About Silver Elephant Mining Corp.
Silver Elephant Mining is a silver mining company. Its flagship projects are its Pulacayo silver project in Bolivia, one of the world’s largest with an estimated 107 million ounce Indicated silver resource, and the Ulaan Ovoo coal mine in Mongolia.
Silver Elephant Mining Corp. (ELEF) opened trading at C$0.48.