Silver Elephant Announces a $375,000 Non-Brokered Private Placement

Core Viewpoint - Silver Elephant Mining Corp. is conducting a non-brokered private placement to raise gross proceeds of $375,000 through the sale of 1,500,000 units at a price of $0.25 per unit [1] Group 1: Private Placement Details - The private placement consists of 1,500,000 units, each unit includes one common share and one share purchase warrant [1] - Each warrant allows the holder to purchase one additional share at a price of $0.30 for three years from issuance [1] - Finder's fees of up to 7% will be payable, with each Finder's Unit consisting of one share and one non-transferable share purchase warrant [2] Group 2: Related Party Transactions - Certain directors and officers are expected to subscribe for up to 600,000 units for gross proceeds of up to $150,000, which is classified as a related party transaction [3] - The company plans to rely on exemptions from minority shareholder approval and formal valuation requirements under MI 61-101 [3] Group 3: Use of Proceeds and Regulatory Information - The net proceeds from the private placement will primarily be used for general working capital purposes [4] - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue [4] - The private placement is subject to approval by the Toronto Stock Exchange [4] Group 4: Company Overview - Silver Elephant Mining Corp. is a mineral exploration company with gold and silver projects located in Bolivia [5]