Prophecy Announces Resignation of Chief Executive Officer
Prophecy Announces Resignation of Chief Executive Officer
Vancouver, British Columbia, February 19, 2019 – Prophecy Development Corp.
(“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) today
announced that Gerald Panneton has resigned as the President & Chief Executive Officer
and as a director of the Company effective February 15, 2019. The Company thanks
Gerald for his service and wishes him the best in his future endeavours.
John Lee, Chairman and former Chief Executive Officer of the Company, has been
appointed to serve as Interim President & Chief Executive Officer.
About Prophecy
Prophecy is developing the Gibellini project – the only large-scale, open-pit, heap-leach
vanadium project of its kind in North America. Located in Nevada, Gibellini has the largest
NI 43-101 compliant measured and indicated primary vanadium resource known in the
USA and is currently undergoing EPCM and permit development. Further information on
Prophecy can be found at www.prophecydev.com.
PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD
“John Lee”
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.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may
contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”,
or similar expressions, and statements related to matters which are not historica l facts,
are forward-looking information within the meaning of applicable securities laws. Such
forward-looking statements, which reflect management’s expectations regarding
Prophecy’s future growth, results of operations, performance, business prospects a nd
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 readers should not place undue
reliance on the Prophecy’s forward -looking statements. Prophecy believes that the
expectations reflected in the fo rward-looking statements contained in this news release
and the documents incorporated by reference herein are reasonable, but no assurance
can be given that these expectations will prove to be correct. In addition, although
Prophecy has attempted to ident ify 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.