Prophecy Shareholders Pass All Resolutions at 2020 Special Meeting Prophecy to be Renamed Silver Elephant Mining Corp.
Prophecy Shareholders Pass All Resolutions at 2020 Special Meeting
Prophecy to be Renamed Silver Elephant Mining Corp.
Vancouver, British Columbia, March 17, 2020 – 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 Special Meeting of shareholders held on March 16, 2020,
in Vancouver, British Columbia (the “Meeting”).
Voting Results were as follows:
MATTERS VOTED UPON VOTING RESULTS
1. Ratification of Previously Granted Stock Options Votes in Favour Votes Against
9,926,518 (67.45%) 4,789,696 (32.55%)
Approved the Ratification of 1,275,000 Stock Options previously granted.
2. Name Change Votes in Favour Votes Against
22,420,268 (86.54%) 3,486,960 (13.46%)
Approved with or without variation the amendment of the Articles and name change of the Company to
Silver Elephant Mining Corp.
3. Share Consolidation Votes in Favour Votes Against
20,002,463 (77.21%) 5,904,765 (22.79%)
Approved with or without variation the consolidation of the issued and outstanding Common Shares of
the Company.
Notes:
1) There were 10,679,899 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
Additionally, 511,115 shares held by Insider were excluded from the calculation of the voting results.
2) The percentages reported are calculated on th e votes cast in person and by proxy at the Meeting which
total 25,908,228 with respect to the above motion.
A report on voting results on all matters voted on at the meeting have been filed on SEDAR at
www.sedar.com.
The Company will announce upon receipt of approval from the TSX the trading of its shares under its
new name “Silver Elephant Mining Corp.” and trading symbol “ELEF”. No action will be required by
existing shareholders with respect to the name change.
There is no immediate plan to consolidate the Company shares. In the event that the share
consolidation is effected, management and board of directors of the Company will examine all available
opportunities including but not limited to the ability to satisfy the requirements of a potential listing on
another US stock exchange.
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.