Prophecy Development Corp. Announces C$5.5 Million Bought Deal Financing Not for distribution to U.S. news wire services or dissemination in the United States VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Prophecy Development Corp. (“Prophecy” or the “Company”) announced today that it has entered into an agreement with BMO Capital Markets (“BMO”), under which BMO has agreed to buy on a bought deal basis 12,000,000 common shares of the Company (the “Common Shares”), at a price of $0.46 per Common Share for gross proceeds of approximately $5.5 million (the “Offering”). The...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that all proposed resolutions were approved at the Company’s Annual General Meeting of shareholders held on June 20, 2018 in Vancouver, British Columbia (the “Meeting”). The number of directors was set at four and all director nominees, as listed in the Management Information Circular dated May 8, 2018 (the “Information Circular”), were elected as directors of the Company...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) announces that it has secured DTC eligibility for its Common shares that are listed for trading on the OTCQX® Best Market under the ticker symbol “PRPCF” in the United States. About the Depository Trust Company The Depository Trust Company (DTC) manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2N) announces that it is undertaking a non-brokered private placement (the “Placement”) involving the issuance of up to 934,000 units (each a “Unit”) at a price of $3.00 per Unit. Each Unit will consist of one Common share in the capital of the Company (a “Share”) and one Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire an additional Share at a price of $4.00 per Sh...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce results of a positive preliminary economic assessment study (the “PEA”) for its Gibellini vanadium project, designed to be an open pit, heap leach operation in Nevada’s Battle Mountain region, about 25 miles south of the town of Eureka. The PEA reported an after tax cumulative cash flow of $601.5 million, an internal rate of return of 50.8%, a net present value of $338.3 ...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce the submission of its Management’s Plan of Operations (the “MPO”) for the Gibellini vanadium project (the “Gibellini Project”) to the United States Department of the Interior, Bureau of Land Management, Mount Lewis Field Office (the “BLM”) and the Reclamation Permit Application to the Nevada Division of Environmental Protection, Bureau of Mining Regulation and Reclamation...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is initiating preparations for its exploration and verification drilling program on the Gibellini vanadium project in Q2 2018. A total of 4,880m of reverse circulation drilling in 64 holes are planned in the following target areas: Gibellini: 33 holes total 2,740 meters The report (the “Technical Report”) prepared by Amec Foster Wheeler E&C Services Inc. (“AMEC”) accord...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) announces an amendment to the Gibellini mineral lease agreement dated June 22, 2017 (the “MLA”), whereby Prophecy has been granted the right to cause the current holder (the “Lessor”) of the Gibellini mineral claims (which Prophecy is currently leasing) to transfer their title to the claims to Prophecy. This press release features multimedia. View the full release here: https://www.businesswire...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that it has signed an agreement (the “Agreement”) with Monitor Ventures Inc. (“Monitor”) for the right to access and use information related to the Gibellini vanadium project (the “Gibellini Data Pack”) which was commissioned, compiled and held by Monitor. Monitor (previously known as American Vanadium Corp. from 2010 to 2016, and Rocky Mountain Resources Corp. from 2007 ...
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