| Press Release |
September 2, 2010
Prophecy Secures $10 Million Loan to Advance Ulaan Ovoo Coal Mine, Mongolia
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August 26, 2010
Prophecy provides update on Ulaan Ovoo Mine preparation, Mongolia
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August 20, 2010
Prophecy Appoints Mr. Paul Venter to its Board of Directors
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August 16, 2010
Prophecy Reports Measured 524.3 Mt and Indicated 545.7 Mt Coal Resources at Chandgana Khavtgai, Mongolia (Drill Map Included)
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August 12, 2010
Prophecy Resource to Loan Northern Platinum $50,000
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July 21, 2010
Prophecy Resource Corp. Lists on OTCQX Market in the USA and Xetra in Germany
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July 16, 2010
Prophecy and Northern Platinum Ltd. Sign Definitive Agreement, Northern Shareholder Meeting Set For September 3
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July 7, 2010
Prophecy Detects Strong IP Anomaly At Its Disco Nickel-Copper-Cobalt Deposit, In Lynn Lake, Manitoba (diagrams included)
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Prophecy Agrees to Additional Private Placement of $145,250
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December 22, 2009 - Prophecy Resource Corp. (TSX-V: PCY.V) (Frankfurt: 3P1) has agreed to complete an additional non-brokered private placement to raise flow-through proceeds of $145,250 on the same terms and conditions as the private placement announced December 14, 2009.
The offering will be comprised of 415,000 units at a price of $0.35 per unit. Each unit will be comprised of one flow-through common share and one-half of one non-flow-through warrant, with each whole warrant being exercisable for the purchase of an additional share, at a price of $0.50 per share, for a two year period. If the closing price of the Company’s shares on the TSX Venture Exchange is at least $0.70 for 20 consecutive trading days at any time following four months and a day from the date of closing, the Company may reduce the remaining exercise period of the warrants to not less than 30 days from the date of providing notice of such reduced exercise period (the “Acceleration”). A finders fee is payable with respect to a portion of this placement.
About Prophecy Resource Corp.
Prophecy has entered into an agreement to acquire the Lynn Lake Nickel Project in Manitoba, which contains a National Instrument 43-101 compliant Measured and Indicated resource of 17 million tonnes with an average grade of 0.62% Nickel and 0.31% Copper at a 0.4% nickel cut-off grade. The Lynn Lake Technical Report, dated December 5, 2007, was prepared by Wardrop Engineering Inc. for Independent Nickel Inc. and is available under Independent Nickel’s filings at www.sedar.com. This agreement is subject to acceptance for filing by the TSX Venture Exchange.
Prophecy has also earned a 60% interest in the Okeover Copper-Molybdenum property in B.C. where, in 2006, Dr. N.C. Carter, PhD, P.Eng, completed a technical report on the Okeover Property pursuant to NI 43-101 that estimated an inferred mineral resource of 86.8 million tonnes grading 0.31% copper and 0.014% MoS2 at a 0.20% copper cut-off grade. This report is available at www.sedar.com.
For more information about Prophecy, please contact us toll-free at 1-800-459-5583 or visit our web site at www.prophecyresource.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Prophecy Resource Corp.
“Stuart Rogers”
Stuart Rogers
Chief Financial Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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