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Silver Elephant plans private placement of $840,000 by issuing 7 million units

Silver Elephant announces a non-brokered private placement to raise $840,000 by selling 7,000,000 units at $0.12 each. Each unit consists of one common share and one warrant exercisable at $0.16 within three years. Finder’s fees of up to 7% in the form of finder’s units are permitted, and insiders may subscribe for up to 2,000,000 units. The securities are subject to a hold period of four months plus one day, the transaction is subject to approval by the Toronto Stock Exchange, and the proceeds are intended to be used primarily for working capital. » More on de.investing.com
Silver Elephant Mining closes final tranche of private placement

Silver Elephant Mining completed the second and final tranche of a non‑brokered private placement, raising US$260,000 from the sale of 1,040,000 units at US$0.25 each, bringing the total placement to US$825,000. Each unit consists of a common share and a warrant to purchase an additional share at US$0.32 within three years; the issued securities are subject to a four‑month-and-one‑day hold period. Three insiders subscribed for US$85,000 of the placement (a Related Party Transaction); the company relied on exemptions for formal valuation and minority approval, and the proceeds are to be used for general corporate purposes. InvestingPro data point to rising cash burn despite more liquid assets than debt; the next results are expected on 18 February 2026. » More on de.investing.com
Silver Elephant expands private placement to $825,000

Silver Elephant is expanding a non-brokered private placement to 3.3 million units at $0.25 each, aiming to raise up to $825,000 gross. Each unit consists of one common share and a warrant exercisable within three years at $0.32. The company may pay finder’s fees of up to 7% in the form of finder’s units and plans to use the net proceeds primarily for directors’ compensation and general working capital. The issued securities are subject to a four-month-and-one-day hold period and the offering remains subject to final approval by the Toronto Stock Exchange; the stock is currently trading at $0.23 and has recently shown high volatility. » More on de.investing.com