An announcement from Silver Elephant Mining ( (TSE:ELEF) ) is now available.
Silver Elephant Mining Corp. has announced a non-brokered private placement to raise $300,000 through the sale of 1,500,000 units at $0.20 per unit. Each unit includes one common share and one share purchase warrant, allowing the purchase of an additional share at $0.30 for three years. A director’s participation in this placement is considered a related party transaction, but it will not exceed 25% of the company’s market capitalization. The proceeds are intended for general corporate purposes, pending approval by the Toronto Stock Exchange.
More about Silver Elephant Mining
Silver Elephant Mining Corp. is a mineral exploration company with gold and silver projects located in Bolivia.
YTD Price Performance: 5.26%
Average Trading Volume: 92,907
Technical Sentiment Signal: Buy
Current Market Cap: C$8.29M
For an in-depth examination of ELEF stock, go to TipRanks’ Stock Analysis page.