rophecy Platinum is pleased to announce that the Board of Directors has appointed John Lee as interim CEO of Prophecy Platinum while it continues to seek a qualified candidate for permanent placement. Mr. Lee, currently the Chairman of Prophecy Platinum, publishes the following letter: Dear Shareholders, Being the third largest Prophecy Platinum shareholder (after Prophecy Coal and Sprott), and having bought into the [...]
Prophecy Platinum announces that the Company has arranged a non-brokered private placement of 5,000,000 units at a price of $2.25 per share to raise aggregate gross proceeds of $11,250,000. It has canceled the overnight-marketed offering of special warrants announced on June 21, 2012. Each private placement unit will be comprised of one share and one share purchase warrant (a "Warrant"). Each Warrant will entitle the [...]
Prophecy Platinum is pleased to announce a $20 million brokered private placement of special warrants at a price of $2.25 per Special Warrant and flow-through special warrants at a price of $2.50 per FT Special Warrant. The Offering will be led by Casimir Capital Ltd. with a syndicate of agents collectively the "Agents". The Agents will be granted an option to cover over-allotments, exercisable two days prior to closing [...]
Prophecy Platinum is pleased to announce further results of its 2012 underground drill program on the Company's 100% owned Wellgreen PGM-Ni-Cu Project, located in the Yukon Territory, Canada. WU12-523 intercepted significant widths of mineralization of 242.6 metres containing 0.47 g/t Pt+Pd+Au, 0.24% Ni and 0.13% Cu (0.39% NiEq), including 18.1 metres grading 1.05 g/t Pt+Pd+Au, 0.50% Ni and 0.27% Cu (0.78% NiEq), nested [...]
Prophecy Platinum is pleased to announce the results of an independent NI 43-101 compliant Preliminary Economic Assessment for its 100% owned Wellgreen Ni-Cu-PGM project, located in the Yukon. The independent PEA, prepared by Tetra Tech, evaluated a base case of an open-pit mine (111,500 tonne/day mining rate), an onsite concentrator (32,000 tonne/day milling rate) and an initial capital cost of $863 million. The project [...]
Prophecy Platinum is pleased to announce further results of its 2012 underground drill program on the Company's 100% owned Wellgreen PGM-Ni-Cu Project, located in the Yukon Territory, Canada. Wide and continuous mineralization continues to be intercepted with results from 2 drill holes, including higher grade intercepts of 10.4 metres of 0.98% Cu, 1.18 g/t Pt+Pd+Au, 0.24% Ni (2.54% CuEq; WU12-533), and 19.51 metres of [...]
Prophecy Platinum is pleased to announce that Ursa Major shareholders have approved the business combination detailed in the joint news release dated April 16, 2012. Upon completion of the Transaction, Prophecy will issue 1 common share of Prophecy Platinum Corp. in exchange for every 25 outstanding common shares of Ursa Major Minerals. Based on 79.7 million Ursa common shares outstanding, Prophecy is expected to issue [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/28/12 -- Prophecy Platinum Corp. ("Prophecy" or the "Company") (TSX VENTURE: NKL)(OTCQX: PNIKF)(FRANKFURT: P94P) is pleased to announce the initial results of its 2012 underground drill program on the Company's 100% owned Wellgreen PGM-Ni-Cu Project, located in the Yukon Territory, Canada. Wide and continuous mineralizations were intercepted in all 7 drill hole results [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/25/12 -- Prophecy Platinum Corp. ("Prophecy" or the "Company") (TSX VENTURE: NKL)(OTCQX: PNIKF)(FRANKFURT: P94P) is pleased to provide results of full spectrum 6E (Pt, Pd, Rh, Ru, Os &, Ir) analysis of PGEs on the first batch of samples from the Company's 100% owned Wellgreen PGM-Ni-Cu project, located in the Yukon Territory, Canada.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/10/12 -- Prophecy Platinum Corp. ("Prophecy" or the "Company") (TSX VENTURE: NKL)(OTCQX: PNIKF)(FRANKFURT: P94P) Prophecy Platinum is pleased to announce the results of its preliminary metallurgical tests for its Wellgreen Ni-Cu-PGE project, located in the southwest of Canada's Yukon Territory.
Prophecy Platinum and Ursa Major Minerals are pleased to announce that they have signed a definitive agreement in connection with the business combination announced in their joint news release dated March 1, 2012. Prophecy has agreed to issue one common share for each 25 common shares of Ursa held. The Transaction: The Transaction will be effected by way of court approved statutory plan of arrangement under the Business [...]
Prophecy Platinum and Ursa Major Minerals Incorporated are pleased to announce that they have entered into a binding letter of agreement for a business combination through a proposed all share transaction. Prophecy and Ursa act at arm's length and the Transaction has been negotiated at arm's length.
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