Silver Elephant Announces a $625,000 Non-Brokered Private Placement

Core Viewpoint - Silver Elephant Mining Corp. is conducting a non-brokered private placement to raise gross proceeds of $625,000 through the sale of 2,500,000 units at a price of $0.25 per unit, with each unit consisting of one common share and one share purchase warrant [1] Group 1: Private Placement Details - The private placement aims to raise $625,000 by selling 2,500,000 units at $0.25 each, with each unit including one common share and one warrant [1] - Each warrant allows the holder to purchase an additional share at $0.32 for three years [1] - Finder's fees of up to 7% will be payable, with each Finder's Unit consisting of one share and a non-transferable warrant [2] Group 2: Related Party Transactions - Certain directors and officers are expected to subscribe for up to 550,000 units, generating gross proceeds of up to $137,500, 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, as the transaction does not exceed 25% of the company's market capitalization [3] Group 3: Use of Proceeds and Regulatory Compliance - The net proceeds from the private placement will primarily be used for directors' fees and general working capital [4] - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue, and the private placement is subject to approval by the Toronto Stock Exchange [4] Group 4: Company Overview - Silver Elephant Mining Corp. is focused on the development of its silver-lead-zinc project in Bolivia [5]