Silver Elephant Mining Corp (TSE:ELEF) has released an update.
Silver Elephant Mining Corp. has successfully completed the initial tranche of its private placement, securing $285,000 in funding through the sale of 950,000 units at $0.30 each, with the proceeds intended for working capital and general corporate purposes. Each unit includes one common share and a half warrant, with full warrants allowing the purchase of additional shares at $0.45 for three years. The placement included finder’s fees and insider participation, with securities subject to a hold period until August 30, 2024.
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