Silver Elephant Mining Corp 6-K, filed May 1, 2020
Silver Elephant Mining Corp. (SILEF)
6-K
2020-05-01
For: 2020-05-01
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on May 1, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of May 1,
2020
Commission
File Number 000-55985
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SILVER ELEPHANT MINING CORP.
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(Translation
of registrant’s name into English)
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Suite 1610 – 409 Granville Street
Vancouver, British Columbia, Canada V6C 1T2
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(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F
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Form
20-F
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☒
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Form
40-F
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☐
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
☐
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Note: Regulation S-T Rule 101(b)(1) only permits
the submission in paper of a Form 6-K if submitted solely to
provide an attached annual report to security holders.
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7): ☐
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Note: Regulation S-T Rule 101(b)(7) only permits
the submission in paper of a Form 6-K if submitted to furnish
a report or other document that the registrant foreign private
issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant’s “home
country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the
report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security
holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on
EDGAR.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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SILVER
ELEPHANT MINING CORP.
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Date: May 1,
2020
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By:
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/s/ Brigitte
McArthur
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Brigitte
McArthur
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Corporate
Secretary
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-2-
INDEX TO EXHIBITS
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News
Release dated May 1, 2020
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-3-
Exhibit 99.1
Silver Elephant Closes $1,330,940 First Tranche of Private
Placement
Vancouver, British Columbia, May 1, 2020 – Silver Elephant
Mining Corp. (“Silver
Elephant” or the
“Company”) (TSX:
ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that it has
closed the first tranche of the non-brokered private placement (the
“Placement”) announced on April 15, 2020. The first
tranche of the Placement raised gross cash proceeds of $1,330,940
through the issuance of 10,238,000 units (the “Units”)
of Silver Elephant at a price of $0.13 per Unit. 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 first tranche of
Placement.
The
Company paid $3,250 in cash and issued 156,900 Units as
finder’s fees.
The Company expects to close the second and final tranche of the
fully subscribed Placement shortly in May 2020.
All Common shares attached to the Units issued in connection with
the Placement are subject to a four month and one day hold
period.
The
Placement proceeds are expected to be used for the Company’s
mineral project development and for general working capital
purposes.
Silver
Elephant is developing its premier Pulacayo silver project in
Bolivia. Further information on Silver Elephant can be found at
www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON
BEHALF OF THE BOARD
“Michael Doolin”
Chief
Executive Officer
For
more information about Silver Elephant, please contact Investor
Relations:
+1.604.569.3661
ext. 101
ir@silverelef.com www.silverelef.com
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Toronto
Stock Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including
statements which may contain words such as “expects”,
“anticipates”, “intends”,
“plans”, “believes”,
“estimates”, or similar expressions, and statements
related to matters which are not historical facts, are
forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements, which reflect
management’s expectations regarding Prophecy’s future
growth, results of operations, performance, business prospects and
opportunities, are based on certain factors and assumptions and
involve known and unknown risks and uncertainties which may cause
the actual results, performance, or achievements to be materially
different from future results, performance, or achievements
expressed or implied by such forward-looking
statements.
These factors should be considered carefully, and readers should
not place undue reliance on the Prophecy’s forward-looking
statements. Prophecy believes that the expectations reflected in
the forward-looking statements contained in this news release and
the documents incorporated by reference herein are reasonable, but
no assurance can be given that these expectations will prove to be
correct. In addition, although Prophecy has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in forward
looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended.
Prophecy undertakes no obligation to release publicly any future
revisions to forward-looking statements to reflect events or
circumstances after the date of this news or to reflect the
occurrence of unanticipated events, except as expressly required by
law.