Prophecy Proposes Name Change to Silver Elephant Mining Corp.
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Prophecy Proposes Name Change to
Silver Elephant Mining Corp.
At Shareholders’ Meeting to be held on March 16, 2020
Vancouver, British Columbia, January 8, 2020 – Prophecy Development Corp.
(“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) will hold
a special meeting of shareholders on March 16, 2020 at 10:00 AM (PST) (the “Special
Meeting”) at Suite 2600 – 1066 West Hastings Street, Vancouver, British Columbia, V6E
3X1.
At the Special Meeting, shareholders wi ll be asked to approve a change of the Company
name to “Silver Elephant Mining Corp.” (the “Name Change” ) with a new proposed TSX
ticker symbol ELEF, to best reflect the Company’s focus in developing its Pulacayo silver
project in Bolivia.
At the Special Meeting, t he Company also proposes to seek shareholder approval for a
consolidation of its issued and outstanding Shares at a ratio between one (1) new Common
Share for every five (5) to ten (10) old Common Shares outstanding (the “Consolidation”).
The effective date of the Name Change, the Consolidation ratio and the Consolidation, if
approved, will occur at a future date to be determined by the Board when it considers it to
be in the best interests of the Com pany to implement. The proposed Name Change and
Consolidation are subject to certain regulatory approvals, including the approval of the TSX.
At the Special Meeting, t he Company will further seek Shareholder approval for the
ratification of 794,000 stock options previously granted to certain directors, officers,
employees and consultants of the Company on July 29, 2019 which was press released on
August 19, 2019, pursuant to the terms of the Company’s Share-Based Compensation Plan
as approved at its Annual General Meeting of shareholders held on June 2, 2016, and
amended on June 13, 2017 and further amended on September 12, 2019. Further
information regarding all matters to be approved at the Special Meeting will be provided in
an information circular which will be mailed to shareholders in February 2020.
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About Prophecy
Prophecy is developing its premier Pulacayo silver project in Bolivia. Further information on
Prophecy can be found at www.prophecydev.com.
PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD
“Michael Doolin”
Chief Executive Officer
For more information about Prophecy, please contact Investor Relations:
+1.604.569.3661 ext. 101
[email protected] 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.