Silver Elephant Mining Corp 6-K, filed Oct 21, 2020
Silver Elephant Mining Corp. (SILEF)
6-K
2020-10-21
For: 2020-10-21
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on October 21, 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 October,
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: October 21,
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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INDEX TO EXHIBITS
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News
Release dated October 21, 2020
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Exhibit 99.1
Silver Elephant Announces Upsize of its Previously
Announced
Bought Deal Public Offering to C$8 Million
Vancouver,
British Columbia, October 21, 2020 – Silver Elephant Mining
Corp. (“Silver
Elephant” or the
“Company”)
(TSX:
ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to
announce that
it has entered into an amended agreement with Mackie Research Capital Corporation as
lead underwriter and sole bookrunner (the
“Lead
Underwriter”),
on behalf of a syndicate of underwriters, including
Canaccord Genuity Corp. and Sprott Capital Partners LP
(collectively with the Lead Underwriter, the
“Underwriters”),
to increase the size of the previously announced bought deal
short-form prospectus offering (the “Offering”)
of common shares of the Company (the “Common
Shares”) to
purchase, on a bought-deal basis, an aggregate of 20,000,000 Common
Shares at a price of $0.40 per Common Share for aggregate gross
proceeds of $8,000,000.
The
Company has granted the Underwriters an option (the
“Over-Allotment
Option”) to increase the size of the Offering by up to
an additional number of Common Shares that in aggregate would be
equal to 15% of the total number of Common Shares to be issued
under the Offering, at any time up to 30 days following the closing
of the Offering.
The net
proceeds from the sale of the Common Shares will be used for the
exploration, development and/or improvement of the Company’s
mine properties and for working capital purposes.
The
Offering is scheduled to close on or about November 12, 2020, or
such later or earlier date as the Lead Underwriter may agree upon,
and is subject to a number of conditions, including receipt of all
necessary securities regulatory approvals and the approval of the
Toronto Stock Exchange.
The
Common Shares will be offered by way of a short form prospectus to
be filed in those provinces of Canada, other than Quebec, as the
Underwriters may designate pursuant to National Instrument 44-101
– Short Form Prospectus Distributions and may be offered in
the United States on a private placement basis pursuant to an
appropriate exemption from the registration requirements under
applicable U.S. law.
This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be
any sale of the securities, in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The securities
to be offered have not been and will not be registered under the
United States Securities Act of 1933, as amended (the
“U.S. Securities
Act”), or under any U.S. state securities laws, and
may not be offered, sold, directly or indirectly, or delivered
within the “United States” or to, or for the account or
benefit of, persons in the “United States” or
“U.S. persons” (as such terms are defined in Regulation
S under the U.S. Securities Act) except in certain transactions
exempt from the registration requirements of the U.S. Securities
Act and all applicable U.S. state securities laws. This release
does not constitute an offer to sell or a solicitation of an offer
to buy such securities in the United States, Canada or in any other
jurisdiction where such offer, solicitation or sale is
unlawful.
About
Silver Elephant
Silver
Elephant is a premier silver mining company. The Company’s
goal is to enable shareholders to own as much silver in the ground
as possible.
SILVER
ELEPHANT MINING CORP.
ON
BEHALF OF THE BOARD
“John Lee”
Executive Chairman
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 Company’s future
growth, results of operations, performance, and 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 Company’s forward-looking
statements. The Company 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 the Company 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. The Company undertakes no obligation to publicly release
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.