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Silver Elephant Mining Corp. — Capital/Financing Update 2021
Feb 5, 2021
43875_rns_2021-02-05_1fffddde-2f61-4268-a716-6fc1e095b1a1.pdf
Capital/Financing Update
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BC FORM 51-102F3
MATERIAL CHANGE REPORT
ITEM 1. NAME AND ADDRESS OF COMPANY
Silver Elephant Mining Corp. Suite 1610 – 409 Granville Street Vancouver, BC V6C 1T2
ITEM 2. DATE OF MATERIAL CHANGE
February 5, 2021
ITEM 3. NEWS RELEASE
The news release dated February 5, 2021 was disseminated through ACCESSWIRE Canada Ltd. and filed on SEDAR on February 5, 2021.
ITEM 4. SUMMARY OF MATERIAL CHANGE
The Company announced that it has closed the non-brokered private placement (the “ Placement ”) previously announced on February 1, 2021 . The Placement raised gross cash proceeds of $3,750,000 through the issuance of 10,000,001 common shares (the “ Shares ”) of the Company at a price of $0.375 per Share.
The Company paid $73,875 in cash as finder’s fees.
The Company has 192,895,079 shares outstanding after the closing of the Placement.
The Shares are subject to a four month and one day hold period.
Proceeds of the Placement are expected to be used for exploration, working capital and general corporate purposes which may include project evaluations and acquisitions.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
Please refer to the Company’s news release dated February 5, 2021, which is available for review under the Company’s SEDAR profile at www.SEDAR.com.
- ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OR 7.1(3) OF NATIONAL INSTRUMENT 51-102
Not applicable
ITEM 7. OMITTED INFORMATION
Not applicable
ITEM 8. SENIOR OFFICER
Contact: Brigitte McArthur, Corporate Secretary Telephone: (604) 569-3661 Email: [email protected]
ITEM 9. DATE OF REPORT
February 5, 2021