Silver Elephant Announces a $672,000 Non-Brokered Private Placement

Core Viewpoint - Silver Elephant Mining Corp. is proposing a non-brokered private placement to raise gross proceeds of $672,000 through the sale of 4,200,000 units at a price of $0.16 per unit [1] Group 1: Private Placement Details - Each unit consists of one common share and one share purchase warrant, with each warrant allowing the holder to purchase an additional share at a price of $0.20 for three years [1] - A Finder's Fee of up to 7% will be payable, with each Finder's Unit consisting of one share and one non-transferable share purchase warrant [2] - Company insiders will subscribe for up to 1,000,000 units for gross proceeds of up to $160,000, which is considered a related party transaction [3] Group 2: Regulatory and Usage Information - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue, and proceeds are expected to be used for general corporate purposes [4] - The private placement is subject to approval by the Toronto Stock Exchange [4] Group 3: Company Overview - Silver Elephant Mining Corp. is a mineral exploration company with gold and silver projects located in Bolivia [5]