VANCOUVER, BC / ACCESSWIRE / January 12, 2022 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX: ELEF) (OTCQX: SILEF) (Frankfurt: 1P2N) announcement following the press release dated January 12, 2022 regarding the effective date of the plan of arrangement, trading of the Company’s common shares will begin after the Arrangement and after the Combination on Tuesday, January 18, 2022, or at a later date as may be determined by the TSX. The Company will issue a further press release to confirm the date on which the Common Shares will begin trading following the Arrangement and following the Consolidation.
Silver Elephant confirms that until such date, which will be subsequent to the effective date of January 14, 2022, the Common Shares will continue to trade on the TSX on a pre-arrangement and pre-consolidation basis. Then, on that date, the pre-regrouped shares will undergo the exchange in accordance with the arrangement as follows:
Consolidated ordinary shares will be exchanged on the basis of 10 pre-Combination ordinary shares held for:
one post-Consolidation ordinary share of the Company;
one common share of Flying Nickel Mining Corp. (“Flying nickel“);
one common share of Nevada Vanadium Mining Corp. (“Nevada Vanadium“); and
two common shares of Battery Metals Royalties Corp. (“Battery metals“).
For further information regarding the Arrangement, readers should refer to the Company’s management information circular prepared in connection with the Meeting, a copy of which is available at www.sedar.com and silverelef.com. More information on Silver Elephant, Flying Nickel, Nevada Vanadium and Battery Metals can be found at www.silverelef.com, flynickel.com, nevadavanadium.com and royalbatt.com, respectively.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
For more information on Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
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.
Caution regarding forward-looking statements
Certain statements contained in this press release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “believes” or similar expressions, and statements relating to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. These forward-looking statements, which include statements regarding the completion of the Arrangement, the issuance of a TSX trading bulletin in respect of the Arrangement and the settlement of securities in the accounts of beneficial shareholders, are based on on certain factors and assumptions and involve risks and uncertainties which may cause actual results, performances or achievements to differ materially from future results, performances or achievements expressed or implied by these forward-looking statements.
These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements of Silver Elephant. Silver Elephant believes that the expectations reflected in the forward-looking statements contained in this press release 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 material factors that could cause actual actions or events to differ materially from those described in forward-looking statements, there may be other factors that may cause actual actions or events to differ materially from those described in forward-looking statements, there may be other factors that may cause actions, events or results are not as expected, estimated or intended. Silver Elephant does not undertake to publicly disclose any future revision of forward-looking statements to reflect events or circumstances after the date of such news or to reflect the occurrence of unforeseen events, except as expressly required by law.
None of the securities to be issued under the Flying Nickel Offer has been or will be registered under the United States Securities Act of 1933, as amended (the “US Securities Act“), or any state securities law, and all securities that may be issued in connection with the transaction should be issued on the basis of available exemptions from these registration requirements in accordance with Section 3 (a ) (10) of the US Securities Act and applicable state exemptions This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
THE SOURCE: Silver Elephant Mining Corp.
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