Silver Elephant Increases Non-Brokered Private Placement to $825,000

Core Viewpoint - Silver Elephant Mining Corp. has announced an increase in its non-brokered private placement to a total of 3,300,000 units at a price of $0.25 per unit, aiming for gross proceeds of up to $825,000 [1] Group 1: Private Placement Details - Each unit in the private placement consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $0.32 for three years [1] - Finder's fees of up to 7% may be payable, with each Finder's Unit also consisting of one share and one non-transferable warrant [2] - The net proceeds from the private placement will primarily be used for directors' fees and general working capital [2] Group 2: Regulatory and Financial Information - The securities issued are subject to a regulatory hold period of four months plus one day from the date of issue under Canadian securities laws, and the placement is subject to final acceptance by the Toronto Stock Exchange [3] - The company is also pursuing amounts owed from Andean Precious Metals Corp. as per an arbitration award [3] Group 3: Company Overview - Silver Elephant is focused on the development of its silver-lead-zinc project in Bolivia [4]