Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

Prophecy Closes $1,081,690 First Tranche of Private Placement

 

 

 

 

 

Prophecy Development Corp. (TSX:PCY) (OTCQX:PRPCF) (Frankfurt:1P2N) announces that it has closed the first tranche of the non-brokered private placement announced on May 30, 2018 and amended on June 26, 2018. 

 

 

 

The first tranche of the Placement raised gross cash proceeds of $1,081,690 through the issuance of 386,318 units of Prophecy. Each Unit is comprised of one Common share and one Common share purchase warrant.  Each Warrant entitles the holder to purchase one additional Common share of the Company at an exercise price of $4.00 for a period of three years from the closing of the first tranche of Placement.   

 

 

 

No finder’s fees were paid in connection with the issuance of any securities under the first tranche of the Placement.

 

 

 

About Prophecy

 

 

 

Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange. Prophecy’s main objective is to develop the Gibellini primary vanadium mining project in the Battle Mountain region in northeastern Nevada to production.

 

Posted July 7, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


The Week of July 9th to July 15th, 2018 “A Brief Look Back into Tomorrow”

The new North American trading week began of Monday, July 9th wit... READ MORE

July 16, 2018

Lundin Mining Announces Intention to Make All Cash Offer to Acquire Nevsun Resources Ltd.

Lundin Mining Corporation (TSX: LUN) (Nasdaq Stockholm: LUMI) ann... READ MORE

July 16, 2018

Colibri Resource Corporation - Intersects 61 metres with an average grade of 0.75 g/t Au - Including 1.5 meters of 17.3 g/t Au

Colibri Resource Corporation (TSX-V:CBI) wishes to an... READ MORE

July 16, 2018

ALLEGIANT Closes First Tranche of $4.95 Million Private Placement

Allegiant Gold Ltd. (TSX-V:AUAU) (OTCQX:AUXXF) is pleased to anno... READ MORE

July 16, 2018

Aben Intersects Mineralization Early in Drill Program at Forrest Kerr Project in BC’s Golden Triangle

Aben Resources Ltd. (TSX-V:ABN)(OTCQB:ABNAF) (Frankfurt:E2L... READ MORE

July 16, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions