SILEF - Silver Elephant Mining proposes to raise up to $1.5M in stock and warrants offering
- Silver Elephant Mining ( OTCQX:SILEF ) proposes to undertake a non-brokered private placement of up to 3M units of the company at a price of $0.50/unit to raise aggregate gross proceeds of up to $1.5M.
- Each unit will consist of one common share and one-half share purchase warrant with each whole warrant entitling the holder to purchase one additional share of the company at a price of $0.65/share for 3 years.
- The securities will be subject to a hold period of four months plus one day from the date of issue.
- Closing of the placement is expected to occur on or about September 20, 2022.
- A 6% Finder's Fees, of cash or units, may be payable in connection with placement.
- Proceeds of the placement are expected to be used for exploration, working capital and general corporate purposes.
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Silver Elephant Mining proposes to raise up to $1.5M in stock and warrants offering