Prophecy Development announces that John Lee, of Suite 1301, 12 Harcourt Road, Central, Hong Kong, Executive Chairman of the Company, acquired 5,000 shares of Prophecy through trading in the secondary market today. Prior to the Acquisition, Mr. Lee beneficially owned 1,082,853 shares, representing approximately 22.75% of the issued and outstanding shares of the Company. As a result of the Acquisition, Mr. Lee now [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2) is pleased to provide the following corporate update: Chandgana Coal-Fired Mine-Mouth Power Plant Project (Mongolia): On December 18, 2015, the Company signed an Engineering, Procurement and Construction (“EPC”) Agreement, Equity Investment Agreement, and [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2) invites you to attend a special webcast scheduled to take place Monday, October 10 at 11:00am (PDT), 2:00pm (EDT) and 8:00pm (CEST). During this webcast, John Lee, Executive Chairman of Prophecy will go through the Company’s latest presentation and discuss the following: - Previous equity [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce the Company’s priority objective at the Pulacayo silver-zinc-lead district project located in southern Bolivia and close to major silver mining projects operated by Coeur Mining Inc. (San Bartolome), Pan American Silver Corp. (San [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to report that the non-brokered private placement of 150,000 units for $570,000 previously announced on August 8, 2016 was oversubscribed. As a result, the Company closed today the private placement of 202,735 units (each a “Unit”) at a price of $3.80 per Unit for gross proceeds [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCF, Frankfurt:1P2N) is pleased to announce, further to its press release dated June 16, 2016, the assay results for the first group of 40 samples collected from the Paca exploration program at its Pulacayo project. During the sampling program, 233 samples were collected. However, due to [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) announces that it is undertaking a non-brokered private placement (the “Placement”) involving the issuance of up to 150,000 units (each a “Unit”) at a price of $3.80 per Unit. Each Unit will consist of one Common share in the capital of the Company (a “Share”) and one half of one Share [...]
Ulaanbaatar, Mongolia (ABN Newswire) - Silver's 32 percent surge this year has taken its 100-day moving average above the 500-day measure for just the third time this century. When the so-called golden cross occurred in 2002 and 2009, prices advanced at least 66 percent before the phenomenon was reversed. "It tells us the bull market in silver could have further to run," said Jonathan Butler, a precious metals strategist [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce that it has commenced its sampling program at the Paca deposit within its Pulacayo silver-zinc-lead project in Bolivia. The Pulacayo project is located in southern Bolivia, close to major silver mining projects operated by [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) announces that John Lee, of Suite 1301, 12 Harcourt Road, Central, Hong Kong, Executive Chairman of the Company, completed the acquisition of 75,000,000 (pre-consolidation) units (each a "Unit") at a price of $0.02 per Unit in the Company, pursuant to a private placement (the "Private Placement") which [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) is pleased to announce that all proposed resolutions were approved at the Company’s Annual General Meeting of shareholders held on June 2, 2016 in Vancouver, British Columbia (the “Meeting”). The number of directors was set at five and all director nominees [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) is pleased to announce that it intends to pay off and close out the USD$1.5 million line of credit facility with the Trade and Development Bank of Mongolia at end of this month. The Company has also agreed to issue 2,651,096 Common shares to Nargil Molor, an insider of the company, at a deemed price of [...]