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Prophecy Development Corp (PCY.TO)

PCY.TO on Toronto Stock Exchange

4.54CAD
24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Prophecy Development Corp Closes $556,000 First Cash Tranche of Private Placement
Wednesday, 30 Sep 2015 11:30am EDT 

Prophecy Development Corp:Closed the first cash tranche of the non-brokered private placement announced on September 1, 2015.first tranche of the Placement raised gross cash proceeds of $556,000 through the issuance of 11,120,000 Units of Prophecy.Each Unit is comprised of one Common share and one Common share purchase warrant (each whole warrant, a "Warrant").Each Warrant entitles holder to purchase one additional Common share of the Company at an exercise price of $0.07 for a period of five years from the closing of private placement.  Full Article

Prophecy Development Corp announces $2,000,000 private placement
Tuesday, 1 Sep 2015 11:36am EDT 

Prophecy Development Corp:Announces that it is undertaking a non-brokered private placement involving the issuance of up to 40,000,000 units at a price of $0.05 per Unit.Total cash proceeds of $1,250,000 is expected to be raised and used to develop Prophecy's mineral projects and for general working capital purposes.  Full Article

Prophecy Development Corp announces $1.5 million credit facility
Friday, 27 Mar 2015 03:28pm EDT 

Prophecy Development Corp:Enters into revolving credit facility agreement with Linx Partners Ltd.Says a maximum principal amount of C$1.5 million is available to company under the credit facility, which will be in place for one year, with an option to extend for any number of subsequent one-year terms.Says credit facility will fund ongoing business operations, bears an interest rate of 1.5 pct per month and is secured by a promissory note and general security agreement.  Full Article

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