Silver Elephant Announces $300,000 Private Placement

The latest announcement is out from Silver Elephant Mining ( (TSE:ELEF) ).

Silver Elephant Mining Corp. announced a non-brokered private placement to raise $300,000 by selling 2,000,000 units at $0.15 each. The proceeds are to be used for general corporate purposes, with the placement subject to TSX approval. A director will subscribe to a substantial portion, and related party transactions are involved, reported as per regulatory requirements.

More about Silver Elephant Mining

Silver Elephant Mining Corp. is a mineral exploration company focused on developing its Paca silver project and Triunfo gold project in Bolivia.

YTD Price Performance: 2.63%

Average Trading Volume: 61,481

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$6.84M

See more data about ELEF stock on TipRanks’ Stock Analysis page.