6-K
Silver Elephant Mining Corp. (SILEF)
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 February 2021
Commission File Number 000-55985
| SILVER ELEPHANT MINING CORP. |
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| (Translation<br>of registrant’s name into English) |
| Suite 1610 – 409 Granville Street<br><br><br>Vancouver, British Columbia, Canada V6C 1T2 |
| --- |
| (Address<br>of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
| Form<br>20-F | ☒ | Form<br>40-F | ☐ |
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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): ☐
| Note: Regulation S-T Rule 101(b)(1) only permits<br>the submission in paper of a Form 6-K if submitted solely to<br>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): ☐
| Note: Regulation S-T Rule 101(b)(7) only permits<br>the submission in paper of a Form 6-K if submitted to furnish<br>a report or other document that the registrant foreign private<br>issuer must furnish and make public under the laws of the<br>jurisdiction in which the registrant is incorporated, domiciled or<br>legally organized (the registrant’s “home<br>country”), or under the rules of the home country exchange on<br>which the registrant’s securities are traded, as long as the<br>report or other document is not a press release, is not required to<br>be and has not been distributed to the registrant’s security<br>holders, and, if discussing a material event, has already been the<br>subject of a Form 6-K submission or other Commission filing on<br>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.
| SILVER<br>ELEPHANT MINING CORP. | ||
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| Date: February 1,<br>2021 | By: | /s/ <br>Brigitte McArthur |
| Brigitte<br>McArthur | ||
| Corporate<br>Secretary |
INDEX TO EXHIBITS
| 99.1 | News<br>Release dated February 1, 2021 |
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elef_ex991
Exhibit 99.1
Silver Elephant Announces Private Placement Offering
of Up To 10,000,000 Common Shares
for Gross Proceeds of Up To $3,750,000
Vancouver, British Columbia, February 1, 2021 – Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that, subject to the approval of the Toronto Stock Exchange (the “TSX”), it proposes to undertake a non-brokered private placement (the “Placement”) of up to 10 million common shares of the Company (the “Shares”) at a price of $0.375 per Share to raise aggregate gross proceeds of up to $3,750,000.
The Shares will be subject to a hold period of four months plus one day from the date of issue.
Closing of the Placement is expected to occur on or about February 8, 2021.
The Company may pay finder’s fees in cash or Shares, in certain instances in connection with the Placement and in accordance with the policies of the TSX.
Proceeds of the Placement are expected to be used for exploration, working capital and general corporate purposes which may include project evaluations and acquisitions.
The Placement and payment of any finder’s fees are subject to the approval of the TSX and other customary closing conditions.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Silver Elephant
Silver Elephant Mining Corp. is a premier mining and exploration company of energy metals.
Further information on Silver Elephant can be found at www.silverelef.com.
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 Silver Elephant’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 Silver Elephant’s forward-looking statements. Silver Elephant 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 Silver Elephant 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. Silver Elephant 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.