Sunawayo Project News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Silver Elephant To Pause Sunawayo Payments and Exploration ACCESSWIRE 21 May 2021, 22:05 GMT+10 VANCOUVER, BC / ACCESSWIRE / May 21, 2021 / Silver Elephant Mining Corp. ( Silver Elephant or the Company ) (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that it has suspended the Sunawayo property installment payments pending verification of the status of Sunawayo title and environmental permit (held by the Vendors as defined below) with authorities. The Company acquired its interest to the Sunawayo Project pursuant to a sales and purchase agreement executed with certain Vendors dated August 25, 2020 (the SPA ). The Company has notified the Vendors of their breach of certain disclosure representations in the SPA. To date, the Company has made one payment totaling US$300,000 and has no further contractual obligations unless it wishes to pursue the SPA further to acquire Sunawayo.

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