Silver Elephant Announces Private Placement Supplying of Up To 10,000,000 Widespread Shares for Gross Proceeds of Up To $3,750,000

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February 01, 2021 (ACCESSWIRE by way of COMTEX) —
VANCOUVER, BC / ACCESSWIRE / February 1, 2021 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Business”) (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that, issue to the acceptance of the Toronto Inventory Exchange (the “TSX”), it proposes to undertake a non-brokered non-public placement (the “Placement”) of up to 10 million frequent shares of the Firm (the “Shares”) at a value of $.375 for every Share to increase combination gross proceeds of up to $3,750,000.

The Shares will be matter to a maintain period of time of four months furthermore one day from the day of difficulty.

Closing of the Placement is expected to manifest on or about February 8, 2021.

The Organization may possibly fork out finder’s service fees in money or Shares, in selected scenarios in link with the Placement and in accordance with the procedures of the TSX.

Proceeds of the Placement are predicted to be utilised for exploration, doing the job funds and basic corporate applications which may contain task evaluations and acquisitions.

The Placement and payment of any finder’s service fees are topic to the acceptance of the TSX and other customary closing ailments.

This news release does not constitute an provide to offer or a solicitation of an give to invest in any of the securities in the United States. The securities have not been and will not be registered less than the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any condition securities laws and may not be available or sold in the United States except if registered below the U.S. Securities Act and applicable state securities guidelines or an exemption from these types of registration is available.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration company of electrical power metals.

Further facts on Silver Elephant can be identified at



“John Lee”Govt Chairman

For a lot more details about Silver Elephant, you should call Investor Relations:

+1.604.569.3661 ext. [email protected]

Neither the Toronto Inventory Trade nor its Regulation Products and services Company (as that phrase is described in the policies of the Toronto Stock Exchange) accepts accountability for the adequacy or accuracy of this release.

Cautionary Note About Forward-Wanting Statements

Specific statements contained in this news release, which includes statements which may possibly have text this sort of as “expects”, “anticipates”, “intends”, “ideas”, “believes”, “estimates”, or equivalent expressions, and statements associated to issues which are not historic points, are ahead-hunting information and facts inside of the this means of applicable securities legal guidelines. These ahead-searching statements, which mirror management’s anticipations with regards to Silver Elephant’s foreseeable future development, success of functions, effectiveness, business enterprise prospects and alternatives, are primarily based on specified aspects and assumptions and entail recognized and unidentified dangers and uncertainties which may bring about the real benefits, performance, or achievements to be materially various from foreseeable future success, performance, or achievements expressed or implied by these forward-seeking statements.

These variables should really be thought of thoroughly, and audience should not spot undue reliance on the Silver Elephant’s ahead-seeking statements. Silver Elephant believes that the anticipations reflected in the forward-looking statements contained in this information release and the documents incorporated by reference herein are sensible, but no assurance can be specified that these anticipations will prove to be suitable. In addition, though Silver Elephant has tried to recognize critical aspects that could bring about real steps, activities or effects to vary materially from those described in ahead searching statements, there could be other variables that cause actions, situations or success not to be as predicted, estimated or supposed. Silver Elephant undertakes no obligation to launch publicly any long term revisions to ahead-looking statements to mirror events or instances soon after the date of this news or to mirror the event of unanticipated occasions, apart from as expressly necessary by law.

Resource: Silver Elephant Mining Corp.

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