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Silver Elephant Mining Corp.

10:35 AM EST - Silver Elephant Mining Corp. : Is undertaking a non-brokered private placement involving the issuance of up to 14 million units at a price of $0.13 per Unit. Each Unit will consist of one Common share in the capital of the Company and one Share purchase warrant. Each Warrant entitles the holder to acquire an additional Share at a price of $0.16 per Share for a period of three years from the date of issuance. Silver Elephant Mining Corp. shares T.ELEF are trading down $0.01 at $0.16.