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Author: root

Prophecy Has Initiated Detailed Engineering with M3 and also Receives $1.338 Million from Warrant Exercises

December 18, 2018

Vancouver, British Columbia, December 18, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that since October 31, 2018, it has received additional gross aggregate proceeds of $1,338,168 from the exercise of 3,445,420 previously outstanding warrants (the “Warrants”). This is in addition to the previously announced bought deal […]

Prophecy Development Corp. Announces Closing of C$5.52 Million Bought Deal Financing

November 22, 2018

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, B.C. (November 22, 2018) – Prophecy Development Corp. (“Prophecy” or the “Company”) is pleased to announce that it has closed its previously announced bought deal financing for aggregate gross proceeds of C$5,520,000 (the “Offering”). BMO Nesbitt Burns Inc. (the “Underwriter”) […]

Prophecy Development Corp. Announces C$5.5 Million Bought Deal Financing

November 1, 2018

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia (November 1, 2018) – 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 […]

Prophecy Appoints Ron Espell as VP, Environmental and Sustainability to Lead Gibellini Vanadium Project’s Permitting

October 29, 2018

Vancouver, British Columbia, October 29, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce the appointment of Ron Espell as the Company’s Vice-President, Environmental and Sustainability, effective November 14, 2018, to lead the environmental permitting efforts for the Gibellini vanadium project (“Gibellini”). Mr. Espell will report to Gerald […]

Prophecy Received US$100,000 of Advance Royalty Payment from Ulaan Ovoo Mine Lease, Lessee Eyeing Mine Start

October 16, 2018

Vancouver, British Columbia, October 16, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that the Company has executed a lease agreement (the “Lease”) with an arms-length private Mongolian company (the “Lessee”) whereby the Lessee plans to perform mining operations at Prophecy’s Ulaan Ovoo coal mine, and will […]

Gerald Panneton Appointed as Prophecy’s President and CEO

October 10, 2018

Vancouver, British Columbia, October 10, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce the appointment of Gerald Panneton as the Company’s President and new Chief Executive Officer, effective October 10, 2018, replacing John Lee, who will remain as Chairman of the Board of Directors of the Company. […]

Prophecy’s Form 20-F Filing Declared Effective by SEC

October 4, 2018

Vancouver, British Columbia, October 4, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt:1P2N) announces that its Form 20-F registration statement, voluntary filed with the United States Securities and Exchange Commission (the “SEC”), has been declared effective. Registering with the SEC is a prerequisite for listing equity securities on a […]

Prophecy Signs Gibellini Memorandum of Agreement with the Bureau of Land Management

October 2, 2018

Vancouver, British Columbia, October 2, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that it has signed a Memorandum of Agreement (the “MOA”) for voluntary cost recovery with the Bureau of Land Management, Mount Lewis Field Office (the “BLM”) to expedite Gibellini permitting efforts. Prophecy and the […]

Prophecy Contracts NewFields to Advance Permitting/EIS for Gibellini Vanadium Project, Sets Project Timetable

August 24, 2018

Vancouver, British Columbia, August 24, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that it has engaged NewFields Companies, LLC (“NewFields”), an environmental, engineering, and construction management consulting firm to advance permitting and environmental impact statement (the “EIS”) preparation for the Gibellini vanadium project (the “Project”). Prophecy’s […]

Prophecy Secures Long Term Water Supply for Construction and Operation of Gibellini Vanadium Project

August 20, 2018

Vancouver, British Columbia, August 20, 2018 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that it has secured water supply for the Gibellini vanadium project’s (the “Project”) construction and operation. The Company has signed a 10-year Water Lease Agreement (the “Agreement”) with the owner of a private ranch, […]