Key Developments: Prophecy Platinum Corp (NKL.V)
0.58CAD
17 May 2013
$0.03 (+5.45%)
$0.55
$0.56
$0.58
$0.56
157,029
63,037
$2.86
$0.52
Latest Key Developments (Source: Significant Developments)
Prophecy Platinum Corp Closes Private Placement Of Flow Through Shares
Prophecy Platinum Corp announced that the Company has closed a non-brokered private placement (the Private Placement) of 1,135,635 common shares of the Company, issued on a flow-through basis (each a FT Share) at a price of $1.10 per FT Share, for gross proceeds totalling approximately $1.24 million. The gross proceeds of the Private Placement will be applied primarily to the continuing exploration of the Company's flagship Wellgreen PGM-Ni-Cu property located in the Yukon Territory, and also for exploration on the balance of the Canadian projects in the Company's mineral portfolio. The FT Shares issued pursuant to the Private Placement are subject to a hold period expiring on April 28, 2013, in accordance with the provisions of the Securities Act (British Columbia). Full Article
Prophecy Platinum Corp Appoints Chief Financial Officer And Corporate Secretary
Prophecy Platinum Corp announced that the appointment of Jeffrey Mason as Chief Financial Officer (CFO) and Samir Devendra Patel as Corporate Secretary. Full Article
Prophecy Platinum Corp Appoints Greg Johnson as President and Chief Executive Officer
Prophecy Platinum Corp announced the appointment of Greg Johnson, as President and Chief Executive Officer. Full Article
Prophecy Platinum Corp Closes $3 Million Placement
Prophecy Platinum Corp announced that the Company has closed a non-brokered private placement of 2,500,000 units (each a "Unit") at a price of $1.20 per Unit for total gross proceeds of $3 million as announced on August 24, 2012. To provide further details, the placement price reservation was filed with the TSX Venture Exchange on August 20, when the share price closed at $1.17. The single subscriber is an accredited strategic shareholder, who also subscribed to a portion of the Company's previous private placement on July 31. The Company is well funded to execute the remainder of its summer drill program, with two active rigs and pending assays from over 20 underground and surface holes. Full Article
Prophecy Platinum Corp Plans $3 Million Private Placement-Canada Stockwatch News
Canada Stockwatch News reported that Prophecy Platinum Corp. has arranged a non-brokered private placement of 2.5 million units at a price of $1.20 per unit for total gross proceeds of $3-million. The entire placement was subscribed by an existing shareholder. Each unit comprises one common share and one-half of a share purchase warrant. Each whole warrant entitles the holder thereof to acquire one additional common share at a price of $2 for a period of two years. The warrants are subject to 30-day accelerated conversion if the closing price of the Company's shares on the TSX Venture Exchange is $2.80 or above for a period of 10 consecutive days. Finders' fees may be payable in connection with the financing in accordance with the policies of the TSX Venture Exchange. Closing of the placement is anticipated to occur on August 28, 2012. Proceeds of the placement will be applied to the Company's flagship platinum group metals-nickel-copper Wellgreen project in the Yukon and its other properties, in addition to general working capital. Full Article
Prophecy Platinum Corp Reaches Agreement With Kluane First Nation
Prophecy Platinum Corp and the Kluane First Nation announced that they have concluded a cooperation and benefits agreement to support Prophecy's exploration program and environmental studies for the development of its flagship Wellgreen Project in southwestern Yukon. The Agreement, which is comprehensive in nature, includes provisions for employment and training opportunities for KFN citizens, contracting opportunities for KFN businesses and citizens, funding for the meaningful implementation of the Agreement, and an equity position in Prophecy Platinum for KFN and its citizens. Acting reasonably and in good faith, KFN may participate fully and without limitation in all regulatory process concerning the exploration activities. Other highlights include environmental protection through the cooperative design and implementation of environmental management and monitoring programs, and a framework and mutual commitment to develop a Comprehensive Cooperation and Benefits Agreement for the eventual development and operation of a mine. Full Article
Prophecy Platinum Corp Closes $7.25 Million Placement
Prophecy Platinum Corp announced that the Company has closed non-brokered private placement of units (each a Unit) and flow through shares (each a "FT Share") totaling just over $7.25 million. 5,067,208 Units were issued at a price of $1.20 per Unit to generate gross proceeds of approximately $6,080,650. Each Unit comprised one common share and a half (1/2) share purchase warrant exercisable until July 31, 2014. Each whole warrant entitled the holder thereof to acquire one additional common share at a price of $1.50 per share in the first year of the warrant term and $2.00 per share in the second year of the warrant term. The warrants are subject to 30 day accelerated conversion if the closing price of the Company's shares on the TSX Venture Exchange is $2.80 or above for a period of 10 consecutive days. 807,655 FT Shares were issued at a price of $1.45 per FT Share to generate gross proceeds of approximately $1,171,100. Finder's fees of 6.5% of the proceeds placed, payable in cash, were paid on portions of the placement. The securities issued are subject to a hold periods expiring on December 1, 2012. Proceeds of the placement will be applied to the Company's flagship PGM-Ni-Cu Wellgreen project in the Yukon and its other properties, in addition to general working capital. Full Article
Prophecy Platinum Corp To Close $7.25 Million Placement
Prophecy Platinum Corp announced that the Company has amended and scheduled to close non-brokered private placement of units (each a Unit) and flow through shares (each a FT Share) totaling $7.25 million. 5,067,208 Units will be sold at a price of $1.20 per Unit to generate gross proceeds of approximately $6,080,650. Each Unit comprises of one common share and a half (1/2) share purchase warrant valid for 2 years. One whole warrant will entitle the holder thereof to acquire one additional common share at a price of $1.50 per share in the first year and $2.00 per share in the second year. The warrants are subject to 30 day accelerated conversion if the closing price of the Company's shares on the TSX Venture Exchange is $2.80 or above for a period of 10 consecutive days. 807,655 FT Shares will be sold at a price of $1.45 per FT Share to generate gross proceeds of approximately $1,171,100. Finder's fees may be payable in connection with the financing in accordance with the policies of the TSX Venture Exchange. The placement is subject to the receipt of TSX Venture Exchange approval and any regulatory approvals. Proceeds of the placement will be applied to the Company's flagship PGM-Ni-Cu Wellgreen project in the Yukon and its other properties, in addition to general working capital. Full Article
Prophecy Platinum Corp Completes Acquisition Of Ursa Major Minerals Incorporated
Prophecy Platinum Corp announced that the acquisition of Ursa by Prophecy was completed on July 16, 2012 (the Closing Date). Following the transaction, Prophecy will have a total of approximately 58,705,461 common shares issued and outstanding, as well as options and warrants entitling holders to purchase approximately 9,037,347 common shares, at exercise prices ranging from $7.50 to $0.9 and having expiry dates ranging from August 9, 2012 to July 13, 2017. Full Article
Prophecy Platinum Corp Arranges $11.25 Million Non-Brokered Private Placement
Prophecy Platinum Corp announced that the Company has arranged a non-brokered private placement of 5,000,000 units at a price of $2.25 per share to raise aggregate gross proceeds of $11,250,000. It has canceled the overnight-marketed offering of special warrants announced on June 21, 2012. Each private placement unit will be comprised of one share and one share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional common share at a price of $3.00 per Warrant Share for a period of 24 months. Prophecy intends to use the proceeds of the Placement to advance its Wellgreen property towards pre-feasibility as well for exploration on the balance of the projects in its mineral portfolio, to evaluate merger & acquisition transactions, and for general corporate purposes. Full Article
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