Prophecy Shareholders Pass All Resolutions at 2017 AGM
Prophecy Shareholders Pass All Resolutions at 2017 AGM
Vancouver, British Columbia, June 13, 201 7 – Prophecy Development Corp.
(“Prophecy” or the “Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2) is pleased
to announce that all proposed resolutions were approved at the Company’s Annual
General Meeting of shareholders held on June 13, 2017 in Vancouver, British Columbia
(the “Meeting”). The number of directors was set at five and all director nominees, as
listed in the Management Information Circular dated April 27, 201 7 (the “ Information
Circular”), were elected as directors of the Company at the Meeting to serve until th e
next annual general meeting. According to the proxies received and shares voted in
person at the Meeting, the results were as follows:
Director Votes FOR(1)(2) Votes WITHHELD(1)(2)
John Lee 99.58% 00.42%
Greg Hall 99.63% 00.37%
Harald Batista 99.69% 00.31%
Masa Igata 99.63% 00.37%
Notes:
(1) There were 218,997 non-votes reported by the Scrutineer of the Meeting in respect of the above
motion.
(2) The percentages reported in this news release are calculated on the votes cast in person and by proxy
at the Meeting which total 1,890,246 with respect to the above motion.
Davidson & Company LLP, Cha rtered Accountants have been appointed as auditors of
the Company again, for the ensuing year and the directors have been authorized to fix
their remuneration.
An ordinary resolution of the disinterested shareholders of the Company was approved
to amend the terms of the equivalent of 114,768 warrants previously issued on June 24,
2015 and exercisable at an equivalent price of $6.00 per Common share, by extending
their expiry date by three years to June 24, 2020.
An ordinary resolution of the d isinterested shareholders of the Company was approved
with respect to the issuance of 59,659 debt settlement units to some of the Company’s
directors and officers at a price of $4.00 per debt settlement unit.
An ordinary resolution of the disinterested shareholders of the Company was approved
with respect to amendments to the Company’s s hare-based compensation p lan (the
“Plan”) to increase the number of shares available for issuance under the Plan.
Voting results for all resolutions noted above are reported in the Report on Voting
Results as filed under the Company’s SEDAR profile on June 13, 2017.
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The Company further announce s that pursuant to the terms of the Plan, which was
approved by shareholders at the Company’s annual general meeting of shareholders
held on June 2, 2016 and amended as above, it has granted in aggregate, 145,000
incentive stock options (the “ Options“), to various directors, officers and consultants of
the Company. The Options are exercisable at a price of $ 3.30 per Common share for a
term of five years expiring on J une 12, 2022 and vest at 12.5% per quarter for the first
two years following the date of grant.
About Prophecy
Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock
Exchange that is engaged in worldwide mineral and energy exploration and
development. 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:
+1.604.563.0699
+1.888.513.6286
www.prophecydev.com