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Prophecy Shareholders Pass All Resolutions at 2019 AGM

Shareholder Meetings

Prophecy Shareholders Pass All Resolutions at 2019 AGM

Vancouver, British Columbia, September 12, 2019 – Prophecy Development Corp.

(“Prophecy” or the “ Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to

report that all proposed resolutions were approved at the Company’s Annual General Meeting of

shareholders held on September 12, 2019 in Vancouver, British Columbia (the “Meeting”). The

number of directors was set at 5 and all director nominees, as listed in the Mana gement

Information Circular dated July 25, 2019 (the “Information Circular”), were elected as directors

of the Company at the Meeting to serve for a one-year term and hold office until the next annual

meeting of shareholders. 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 94.95% 5.05%

Greg Hall 98.23% 1.77%

Masa Igata 95.10% 4.90%

Marc Leduc 95.29% 4.71%

Notes:

(1) There were 11,908,396 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 16,131,583 with respect to the above motion.

Davidson & Com pany 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 shareholders was approved with respect to the amendments to the

Company’s Share-Based Compensation 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 September 12, 2019.

About Prophecy

Prophecy is developing Pulacayo silver project in Bolivia and Gibellini vanadium project in

Nevada. Further information on Prophecy can be found at www.prophecydev.com.

PROPHECY DEVELOPMENT CORP.

ON BEHALF OF THE BOARD

“Michael Doolin”

Interim Chief Executive Officer

2

For more information about Prophecy, please contact Investor Relations:

+1.604.569.3661 ext. 101

[email protected]

www.prophecydev.com