| Prophecy Closes Private Placement Announced on September 1, 2015 With Gross Proceeds of $556,000 | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2015) - Prophecy Development Corp. ("Prophecy" or the "Company") (PCY.TO)(PRPCF)(1P2.F) announces the cancellation of the remainder of the proposed $2,000,000 private placement previously announced in its September 1, 2015 news release. The Company successfully raised gross cash proceeds of $556,000 through the issuance of 11,120,000 units of Prophecy as announced in its September 30, 2015 news release. About Prophecy Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange that is engaged in developing mining and energy projects in Mongolia, Bolivia and Canada. Further information on Prophecy can be found at www.prophecydev.com. PROPHECY DEVELOPMENT CORP. ON BEHALF OF THE BOARD JOHN LEE, Executive Chairman Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Prophecy Development Corp.
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DEVELOPMENT STAGE |
CODE : PCY.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Prophecy Development is a coal and silver exploration company based in Canada. Prophecy Development develops coal, silver, copper and nickel in Canada and in Mongolia, and holds various exploration projects in Canada and in Mongolia. Its main assets in development are LYNN LAKE in Canada and ULAAN OVOOO in Mongolia and its main exploration properties are OKEOVER, WELLGREEN and TITAN ONTARIO in Canada and EMEELT, KHASHAAT, JARGALAN and BAGAMURAT in Mongolia. Prophecy Development is listed in Canada. Its market capitalisation is CA$ 533 000 as of today (US$ 369 344, € 338 688). Its stock quote reached its lowest recent point on February 05, 2016 at CA$ 0.01, and its highest recent level on January 06, 2017 at CA$ 7.19. Prophecy Development has 5 330 000 shares outstanding. |