Key Developments: Prophecy Development Corp (PCY.TO)

PCY.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Prophecy Coal Corp. announces change of name to Prophecy Development Corp.
Monday, 5 Jan 2015 12:15pm EST 

Prophecy Coal Corp:Changed its name to Prophecy Development Corp.Anticipates that common shares will commence trading on the TSX under its new name on Jan. 7.  Full Article

Prophecy Coal Corp completes acquisition of Pulacayo-Paca Project
Friday, 2 Jan 2015 04:05pm EST 

Prophecy Coal Corp:Acquires Apogee Minerals Bolivia S.A., ASC Holdings Limited and ASC Bolivia LDC from Apogee Silver Ltd.In consideration, company has paid Apogee $250,000 and issued to Apogee 60 mln common shares.Also agreed to assume all liabilities of the Apogee Subsidiaries.  Full Article

Prophecy Coal announces $3,596,000 private placement with strategic Asian partner
Monday, 8 Dec 2014 04:01pm EST 

Prophecy Coal:Says it is undertaking a non-brokered private placement to raise gross proceeds of C$3,596,000.Placement involves the issuance of 62 mln common shares of the Company at a price of $0.058 per Share to TBF Capital Management Group (HK) Limited (TBF), a corporation that is arms' length to the Company.Placement is expected to close in Jan. 2015.Proceeds of the Placement are expected to be used for Company's mineral project development and for general working capital purposes.  Full Article

Prophecy Coal Corp proposes name change
Monday, 17 Nov 2014 09:00am EST 

Prophecy Coal Corp:Says shareholder approval of name change is being sought at special meeting.Such name change would become effective at future date to be determined by Board when it considers it to be in best interests of company to implement.Proposed name change is also subject to certain regulatory approvals, including the approval of TSX and the Registrar of Companies under Business Corporations Act.  Full Article

Prophecy Coal Corp to acquire Apogee Silver's wholly owned subsidiaries Apogee Minerals Bolivia SA
Tuesday, 4 Nov 2014 09:15am EST 

Apogee Silver Ltd:Enters into definitive agreement with Prophecy Coal Corp, whereby Prophecy has agreed to acquire Apogee's wholly owned subsidiaries Apogee Minerals Bolivia S.A. and ASC Bolivia LDC, which in turn hold the Pulacayo-Paca Silver Lead Mining Project in Bolivia.Prophecy has agreed to pay Apogee a cash fee in the amount of $250,000, of which $125,000 has been received upon entering into the Definitive Agreement and the remaining $125,000 will be payable upon closing.In addition, Prophecy will issue to Apogee 60 mln common shares of Prophecy to be placed in escrow.  Full Article

Apogee Silver Ltd enters into letter agreement with Prophecy Coal Corp
Wednesday, 15 Oct 2014 09:33am EDT 

Apogee Silver Ltd:Entered into a binding letter agreement with Prophecy Coal Corp (Prophecy).Prophecy has agreed to acquire Apogee's wholly owned subsidiaries Apogee Minerals Bolivia S.A. and ASC Bolivia LDC (the Subsidiaries), which in turn hold the Pulacayo-Paca Silver Lead Mining Project in Bolivia (the Proposed Transaction).In consideration, Prophecy will pay Apogee a cash fee in the amount of $250,000 and shall issue to Apogee 60,000,000 Class B convertible non-voting shares of Prophecy.Says the Class B Shares will become eligible for conversion by Apogee into an equal amount of listed shares of Prophecy.Proposed Transaction remains subject to the parties entering into a definitive agreement on or before Oct. 24.  Full Article

Prophecy Coal Corp Extends Date For Sale Of Prophecy Platinum Corp. Shares
Wednesday, 6 Nov 2013 09:41am EST 

Prophecy Coal Corp announced that the closing date for the sale of Prophecy Platinum shares has been extended to November 8, 2013 by agreement between the parties. Proceeds of the sale will be used to repaying outstanding debt due to Waterton Global Value LP.  Full Article

Prophecy Coal Corp Accepts Offer To Purchase Prophecy Platinum Corp. Shares
Wednesday, 23 Oct 2013 04:04pm EDT 

Prophecy Coal Corp. (Prophecy or the Company) announced that it has accepted an offer to purchase 17,300,000 shares of Prophecy Platinum Corp. (PPC) representing 22.42% of the issued and outstanding shares of PPC. Closing of the purchase and sale has been scheduled for October 29, 2013. The purchase and sale agreement is subject to termination by the purchaser in the event of an adverse material change or force majeure event. The purchaser is acting on behalf of certain nominees and the agreement can also be terminated at the discretion of the lead nominee of the purchaser. Proceeds from the sale of PPC shares will be used to repay outstanding debt due October 31, 2013 to Waterton Global Value LP in the approximate amount of $7 million.  Full Article

Prophecy Coal Corp Signs Additional Coal Off-take Agreement
Monday, 7 Oct 2013 08:32am EDT 

Prophecy Coal Corp announced that it has entered into a coal sale contract (the Contract) for the sale of 30,000 tonnes of coal per month from the Company's Ulaan Ovoo mine (the Mine) to a buyer at the Mine gate. Under this Contract, 30,000 tonnes of coal per month will be sold by the Company and picked up by the buyer at the Mine gate. The buyer is a new customer with substantial presence in the region and this Contract is separate from sales contracts announced in news releases dated August 12, 2013 and August 28, 2013.  Full Article

Prophecy Coal Corp Appoints New Chief Financial Officer
Friday, 20 Sep 2013 10:13am EDT 

Prophecy Coal Corp announced that it has appointed Irina Plavutska CGA as the Chief Financial Officer of the Company effective immediately. Ms. Plavutska replaces Jeff Mason as Prophecy's Chief Financial Officer.  Full Article

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