Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $445,411

Core Viewpoint - Silver Elephant Mining Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of $445,411 through the sale of 2,783,824 units at a price of $0.16 per unit [1] Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one share purchase warrant, with warrants allowing the purchase of additional shares at $0.20 for three years [1] - Finder's fees of 145,250 Finder's Units were paid, with each Finder's Unit also consisting of one share and one warrant [2] - Proceeds from the private placement are intended for general corporate purposes [4] Group 2: Related Party Transactions - John Lee, a Director of the Company, subscribed for 193,750 units for gross proceeds of $31,000, which is classified as a related party transaction [3] - The Company relied on exemptions from formal valuation and minority shareholder approval requirements due to Mr. Lee's participation not exceeding 25% of the fair market value of the Company's market capitalization [3] Group 3: Regulatory Information - The securities issued under the private placement will be subject to a regulatory hold period of four months plus one day from the date of issue [4]