Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) announces that it has entered into a Debt Settlement Agreement with Linx Partners Ltd. (“Linx”), a company controlled by Mr. John Lee, Executive Chairman of Prophecy, and Mr. Lee pursuant to which, the Company has agreed, subject to the approval of shareholders at the Company’s upcoming 2016 Annual [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) As a result of a review by the British Columbia Securities Commission, Prophecy is issuing the following news release to clarify our disclosure. The Company made the following non-compliant statements regarding its Pulacayo Project in its January 12, 2016 corporate presentation (the “Presentation [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) announces that it has entered into an agreement to increase and amend the revolving credit facility agreement dated March 12, 2015, as amended (the “Credit Facility”) with Linx Partners Ltd. (“Linx”), a company controlled by Mr. John Lee, Executive Chairman of Prophecy. The previous [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) announces that after a detailed review of the trading volume, costs and administrative requirements related to maintaining the Company’s listing on the OTCQX International, it has voluntarily delisted its Common shares from the OTCQX International effective today. Prophecy’s Common shares [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) announces that it has closed a non-brokered private placement (the “Placement”) involving the issuance of 8,000,000 units (each a “Unit”) at a price of $0.025 per Unit. Each Unit consists of one Common share in the capital of the Company (a “Share”) and one Share purchase warrant (a [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) is pleased to announce today, the signing of a non-binding Joint Development Agreement (“JDA”) with a Chinese partner (the “Strategic Partner”) to invest in the Company’s 600 MW Chandgana power plant in Mongolia. Prophecy Power Generation LLC, a wholly-owned subsidiary of Prophecy, is [...]
Vancouver, British Columbia (FSCwire) - Vancouver, British Columbia, December 18, 2015 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) announces the closing of the proposed non-brokered private placement previously announced on November 12, 2015. The Company successfully raised gross cash proceeds of $250,000 through the issuance of 6,250,000 units of Prophecy as announced [...]
Vancouver, British Columbia (FSCwire) - Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) is pleased to announce today, the signing of an Engineering, Procurement and Construction (“EPC”) Agreement, Equity Investment Agreement, and Share Purchase Agreement (collectively, the “Agreements”) with China-based Shandong Electrical Power Construction No.2 Company (“SEPCO2”) to invest [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 24, 2015) - Prophecy Development Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to provide the following update on progress at its Pulacayo project: The Pulacayo silver-zinc-lead project is located in southern Bolivia, close to major silver mining projects operated by Coeur Mining Inc. (San Bartolome), Pan American Silver Corp. (San [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 13, 2015) - Prophecy Development Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(Frankfurt:1P2) announces that it has closed the first tranche of the $1,000,000 non-brokered private placement announced on November 12, 2015 (the "Placement"). The first tranche of the Placement raised gross cash proceeds of $250,000 through the issuance of 6,250,000 units of [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 12, 2015) - Prophecy Development Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) announces that it is undertaking a non-brokered private placement (the "Placement") involving the issuance of up to 25,000,000 units (each a "Unit") at a price of $0.04 per Unit. Each Unit will consist of one Common share in the capital of the Company (a "Share") and [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 5, 2015) - Prophecy Development Corp. ("Prophecy" or the "Company") (TSX:PCY) (OTCQX:PRPCF) (FRANKFURT:1P2) is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") related to an independent mineral resource estimate for the Company's Paca silver-zinc-lead [...]