Silver Elephant Mining Corp (SILEF)

[Middleborder]

SILEF investors, from link below.

In May, Investors paid money to Silver Elephant and received Shares and Warrants. The Shares were purchased and issued $.13 per share. The Shareholders of this private placement (not necessarily management of SILEF!) also received one warrant with each share purchased. The Warrants can be exercised for $.16 per share, but the warrant holder can not sell those shares for 4 months and 1 day.

(E.G.: Both the $.13 shares and any $.16 share warrant purchases made on 5/20 they COULD NOT BE SOLD FOR TWO MORE MONTHS, until approximately 9/21.)

Be careful of anyone who does not know the difference between "There" and "Their" or how hold periods for warrants work. Be careful of posts that call you derogatory names and are filled with spittle flecked insults by someone who previously indicated he sold all his shares and is just here to "help you dumb suckers." (Maybe he is just buying your shares cheap??)

As always, Do your own due dilegence before investing.


https://www.silverelef.com/silver-elephant-announces-closing-of-private-placement-total-1976000/

Vancouver, British Columbia, May 20, 2020 – Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that it has closed the second and final tranche of the oversubscribed non-brokered private placement (the “Placement”) first announced on April 15, 2020.

The second tranche of the Placement raised gross cash proceeds of $645,060 through the issuance of 4,962,000 units (the “Units”) of Silver Elephant at a price of $0.13 per Unit. No finder’s fees were paid on this second tranche.

The first tranche of the Placement, raised gross proceeds of $1,330,940 and closed on May 1, 2020.

The total gross aggregate of the Placement raised proceeds of $1,976,000 which are expected to be used for the Company’s mineral project development and for general working capital purposes.

Each Unit is comprised of one Common share and one Common share purchase warrant (the “Warrants”). Each Warrant entitles the holder to purchase one additional Common share of the Company at an exercise price of $0.16 for a period of three years from the closing of the second tranche of the Placement.

All Common shares attached to the Units issued in connection with the Placement are subject to a four month and one day hold period.