Prophecy Closes $1,081,690 First Tranche of Private Placement
Prophecy Closes $1,081,690 First Tranche of Private Placement
Vancouver, British Columbia, July 6, 2018 – Prophecy Development Corp. (“Prophecy”
or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) announces that it has
closed the first tranche of the non-brokered private placement (the “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 (the “Units”) of Prophecy. Each Unit is comprised of one Common
share and one Common share purchase warrant (the “Warrants”). 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. 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.