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Prophecy Development Corp (PCY.TO)

PCY.TO on Toronto Stock Exchange

3.78CAD
23 Sep 2016
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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

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