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Financings

Silver Elephant sells four million Oracle shares

By The Northwire Desk — AI Analysis Sep 04, 2025 · 03:48 ELEF · 0.185 Silver Elephant Mining Corp.
ELEF · Price

Executive Summary

  • Silver Elephant Mining Corp. sold 4 million common shares of Oracle Commodity Holding Corp. for a total consideration of $60,000.
  • The sale reduced Silver Elephant’s ownership in Oracle from ~23.77% to ~19.92% on a non‑diluted basis (15.53% fully diluted).
  • Proceeds will be used for general working capital purposes.

Key Details

  • Sale of 4,000,000 Oracle common shares at an aggregate price of $60,000 (≈ $0.015 per share).
  • Prior holding: 24,700,110 Oracle shares (~23.77% of outstanding).
  • Post‑sale holding: 20,700,110 Oracle shares (~19.92% non‑diluted, 15.53% fully diluted).
  • Ownership change: ‑3.85 percentage points in Silver Elephant’s stake in Oracle.
  • Use of proceeds: general working capital for Silver Elephant.
  • The transaction was executed through the TSX Venture Exchange facilities.
  • An early warning report related to this transaction has been filed on SEDAR+.

Notable Quotes

(No CEO/President quotes were provided in the release.)

Read the original news release →

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