Prophecy Announces $150,000 Private Placement
Prophecy Announces $150,000 Private Placement
Vancouver, British Columbia, January 9, 2017 – Prophecy Development Corp. (“Prophecy” or the
“Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2N) announces that it is undertaking a non-
brokered private placement (the “Placement”) involving the issuance of up to 50,000 units (each a “Unit”)
at a price of $3.00 per Unit. Each Unit will consist of one Common share in the capital of the Company (a
“Share”) and one Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire an
additional Share at a price of $4.00 per Share for a period of five years from the date of issuance.
The Company expects the Placement to close on or before January 13, raising total cash proceeds of up
to $150,000 to be used to develop Prophecy’s mineral projects and for general working capital purposes.
The Shares will be subject to a minimum hold period of four months plus one day from the date of issue.
Finder’s fees may be paid in cash, in certain instances in connection with the Placement.
No insiders of the Company will be subscribing for any Units under the Placement.
The Placement and payment of any finder’s fees are subject to the approval of the TSX and other
customary closing conditions.
About Prophecy
Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange that is
engaged in developing mining and energy projects in Mongolia , Bolivia and Canada. Further information
on Prophecy can be found at www.prophecydev.com.
PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD
“JOHN LEE”
Executive Chairman
For more information about Prophecy, please contact Investor Relations:
+1.888.513.6286
www.prophecydev.com
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Certain statements contained in this news release, including statements which may contain words such
as “expects”, “an ticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and
statements related to matters which are not historical facts, are forward -looking information within the
meaning of applicable securities laws. Such forward -looking state ments, which reflect management’s
expectations regarding Prophecy’s future growth, results of operations, performance, business prospects
and opportunities, are based on certain factors and assumptions and involve known and unknown risks
and uncertainties which may cause the actual results, performance, or achievements to be materially
different from future results, performance, or achievements expressed or implied by such forward -looking
statements.
These factors should be considered carefully, and reader s should not place undue reliance on the
Prophecy’s forward-looking statements. Prophecy believes that the expectations reflected in the forward -
looking statements contained in this news release and the documents incorporated by reference herein
are reaso nable, but no assurance can be given that these expectations will prove to be correct. In
addition, although Prophecy has attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward looking statements, there may be
other factors that cause actions, events or results not to be as anticipated, estimated or intended.
Prophecy undertakes no obligation to release publicly any future revisions to forward -looking statements
to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated
events, except as expressly required by law.