Silver Elephant Upsizes Previously Announced Private Placement to $696,830 - Silver Elephant Mining Corp. - Emerging Silver Miner
Summary
Not for distribution to the United States Newswire Services or For Dissemination, Distribution, Release or Publication, Directly or Indirectly into the United StatesVancouver, British Columbia, May 2, 2025 Silver Elephant Mining Corp. (Silver Elephant or the Company) (TSX: ELEF, OTCQB: SILEF, Frankfurt:1P2) announces that it proposes to amend the terms of the non-brokered private placement (the Private Placement) originally announced on April 1, 2025 and as amended on April 17, 2025. The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that Mr. Lees and Mr. Motzs participation in the Private Placement will not exceed 25% of the fair market value of the Companys market capitalization. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of that jurisdiction.Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.ON BEHALF OF THE BOARDFor more information about Silver Elephant, please contact Investor Relations:This news release contains forward-looking information and forward-looking statements (collectively, forward-looking information) within the meaning of applicable securities laws. Such forward-looking information, which reflects managements expectations regarding Silver Elephants future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; ability to complete the financing; changes in business plans; ability to secure sufficient financing to advance the Companys mining projects; and general economic conditions.