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  • Prophecy Sells 10,000 Tonnes of Coal from Ulaan Ovoo to Erdenet Mining Corporation

    28 Dec, 2016

    Vancouver, British Columbia, December 28, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCF, Frankfurt:1P2N) is pleased to announce that it has signed two coal sales and purchase agreements (the “SPAs”) to sell a total of 16,000 tonnes of coal sourced from its 100%-owned Ulaan Ovoo mine (“Ulaan Ovoo”) in Mongolia. The two purchasers were Erdenet Mining Corporation (“GOK”) (for 10,000 tonnes) and Selenge Energo Heat Plant (“Selenge Energo”) (for […]

  • Prophecy Returns Silver, Zinc, Lead Assays from Latest Pulacayo Chip Sampling Programs

    23 Dec, 2016

    Vancouver, British Columbia, December 23, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCF, Frankfurt:1P2N) is pleased to announce, further to its press release dated November 24, 2016, the assay results of 22 samples collected from the Company’s most recent Pulacayo underground exploration program. Samples were obtained by continuous chip channel sampling across the width of the vein mineralization at locations one metre apart. ID Agg/t Zn% Pb% Area Method […]

  • Prophecy Signs Toll Milling LOI to Produce Zinc-Silver and Lead-Silver Concentrates from Pulacayo Project, Bolivia

    14 Dec, 2016

    Vancouver, British Columbia, December 14, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce that it has signed a letter of intent (“LOI”) for toll milling services with the Bolivian company, Empresa Minera Señor de Maica (the “Service Provider”) whereby the Service Provider will provide dedicated toll milling services at its ore processing facility (the “Processing Plant”) located in Potosi, which is a 2.5 hour […]

  • Prophecy Signs LOI to Lease Mining Equipment from Oroscons for its Pulacayo Project, Bolivia

    02 Dec, 2016

    Vancouver, British Columbia, December 2, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce that it has signed a Letter of Intent (“LOI”) to lease the following mining equipment from the Bolivian company, Oroscons S.R.L. (“Oroscons”), which will be used for open-pit mining at the Company’s Paca deposit, located 7km north of the Pulacayo deposit: Equipment ModelYear Capacity Quantity Loader Cat 966G 2007 4 m3 […]

  • Early Warning Report

    25 Nov, 2016

    Vancouver, British Columbia, November 25, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) announces that John Lee, of Suite 1301, 12 Harcourt Road, Central, Hong Kong, Executive Chairman of the Company, acquired 15,000 shares of Prophecy (the “Acquisition”) through trading in the secondary market (i.e. the Toronto Stock Exchange) on November 24, 2016. Prior to the Acquisition, Mr. Lee beneficially owned 1,112,253 shares, representing approximately 23.14% of the […]

  • Prophecy Explores another Vein System at Pulacayo Project in Bolivia and Issues Shares for Debt

    24 Nov, 2016

    Vancouver, British Columbia, November 24, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce the exploration of an additional vein system (the “AVS”) at its Pulacayo silver-zinc-lead project in Bolivia. The AVS is located approximately 200 metres west of the Rothschild shaft, at a level of 50 metres above the San Leon adit level (level 0, 4128m). The principal vein measures 1.0 to 1.5 metres […]

  • Prophecy Signs LOI to Sell Pulacayo Lead-Silver and Zinc-Silver Concentrates to Transamine

    22 Nov, 2016

    Vancouver, British Columbia, November 22, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce that it has signed a Letter of Intent (“LOI”) to sell Pulacayo lead-silver and zinc-silver concentrates to Transamine Trading S.A. (“Transamine”). Prophecy and Transamine (the “Parties”) intend to cooperate to negotiate a definitive sales and purchase agreement (the “SPA”) for Transamine to purchase lead-silver and zinc-silver concentrates (the “Concentrates”) from Prophecy’s […]

  • Early Warning Report

    21 Nov, 2016

    Vancouver, British Columbia, November 21, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) announces that John Lee, of Suite 1301, 12 Harcourt Road, Central, Hong Kong, Executive Chairman of the Company, acquired 13,200 shares of Prophecy (the “Acquisition”) through trading in the secondary market (i.e. the Toronto Stock Exchange) on November 18, 2016. Prior to the Acquisition, Mr. Lee beneficially owned 1,099,053 shares, representing approximately 23.09% of the […]

  • Prophecy Meets Bolivian Minister of Mining and Metallurgy and Early Warning Report

    10 Nov, 2016

    Vancouver, British Columbia, November 10, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to report that Bolivia’s Minister of Mining and Metallurgy, César Navarro, met with Prophecy and representatives from other international mining companies operating in Bolivia on November 9, to coordinate and prepare for the Minister’s upcoming participation at the Prospectors & Developers Association of Canada (PDAC) convention to be held in Toronto, Canada from […]

  • Early Warning Report

    09 Nov, 2016

    Vancouver, British Columbia, November 9, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2) announces that John Lee, of Suite 1301, 12 Harcourt Road, Central, Hong Kong, Executive Chairman of the Company, acquired 5,000 shares of Prophecy (the “Acquisition”) through trading in the secondary market (i.e. the Toronto Stock Exchange) today. Prior to the Acquisition, Mr. Lee beneficially owned 1,082,853 shares, representing approximately 22.75% of the issued and outstanding […]

  • Corporate Update and Early Warning Report

    03 Nov, 2016

    Vancouver, British Columbia, November 2, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2) is pleased to provide the following corporate update: Chandgana Coal-Fired Mine-Mouth Power Plant Project (Mongolia): On December 18, 2015, the Company signed an Engineering, Procurement and Construction (“EPC”) Agreement, Equity Investment Agreement, and Share Purchase Agreement with the China-based, Power Construction Company to invest in, and build the Company’s 600 MW Chandgana power plant (the […]

  • Prophecy Webcast Monday, October 10 and Early Warning Report

    06 Oct, 2016

    Vancouver, British Columbia, October 6, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2) invites you to attend a special webcast scheduled to take place Monday, October 10 at 11:00am (PDT), 2:00pm (EDT) and 8:00pm (CEST). During this webcast, John Lee, Executive Chairman of Prophecy will go through the Company’s latest presentation and discuss the following: – Previous equity financing where a strategic shareholder participated – Drill program to […]

  • Prophecy Outlines Company Objective, Plans Definition Drilling at Pulacayo and Paca

    29 Sep, 2016

    Vancouver, British Columbia, September 29, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce the Company’s priority objective at the Pulacayo silver-zinc-lead district project located in southern Bolivia and close to major silver mining projects operated by Coeur Mining Inc. (San Bartolome), Pan American Silver Corp. (San Vicente) and Sumitomo Corporation (San Cristobal). All necessary permits have been obtained in 2013 to mine up to […]

  • Joint News Release Lorraine Copper Acquires from Prophecy OK Copper Project in BC

    22 Sep, 2016

    September 22, 2016, Vancouver, BC – Lorraine Copper Corp. (“Lorraine Copper”) (TSX-V: LLC) and Prophecy Development Corp. (“Prophecy”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) are pleased to announce that they have entered into an agreement for Lorraine Copper to acquire Prophecy’s 60% interest in the OK (Okeover) copper-molybdenum project located near Powell River on the southern British Columbia coast. Under the terms of the agreement and subject to regulatory approval, Lorraine Copper will issue 2,200,000 […]

  • Prophecy Closes Oversubscribed Placement Grossing $770,393 and Early Warning Report

    29 Aug, 2016

    Vancouver, British Columbia, August 29, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to report that the non-brokered private placement of 150,000 units for $570,000 previously announced on August 8, 2016 was oversubscribed. As a result, the Company closed today the private placement of 202,735 units (each a “Unit”) at a price of $3.80 per Unit for gross proceeds of $770,393 (the “Placement”). Each Unit consists […]

  • Prophecy: Paca Returns Chip Sample Results Up to 1500 g/t Silver, 2.49% Zinc and 6.72% Lead

    15 Aug, 2016

    Vancouver, British Columbia, August 12, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce, further to its press release dated June 16, 2016, the assay results for the first group of 40 samples collected from the Paca exploration program at its Pulacayo project. During the sampling program, 233 samples were collected. However, due to a backlog at the testing laboratory, Prophecy prioritized the 40 most […]

  • Prophecy Announces $570,000 Private Placement

    08 Aug, 2016

    Vancouver, British Columbia, August 8, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) announces that it is undertaking a non-brokered private placement (the “Placement”) involving the issuance of up to 150,000 units (each a “Unit”) at a price of $3.80 per Unit. Each Unit will consist of one Common share in the capital of the Company (a “Share”) and one half of one Share purchase warrant (a “Warrant”). […]

  • Prophecy Commences Paca Exploration and Provides Update on Pulacayo Underground Project

    16 Jun, 2016

    Vancouver, British Columbia, June 16, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) is pleased to announce that it has commenced its sampling program at the Paca deposit within its Pulacayo silver-zinc-lead project in Bolivia. The Pulacayo project is located in southern Bolivia, close to major silver mining projects operated by Coeur Mining Inc. (San Bartolome), Pan American Silver Corp. (San Vicente) and Sumitomo Corporation (San Cristobal). Pulacayo […]

  • Early Warning Report – John Lee Acquires 21.58% of Prophecy

    06 Jun, 2016

    Vancouver, British Columbia, June 6, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) announces that John Lee, of Suite 1301, 12 Harcourt Road, Central, Hong Kong, Executive Chairman of the Company, completed the acquisition of 75,000,000 (pre-consolidation) units (each a “Unit“) at a price of $0.02 per Unit in the Company, pursuant to a private placement (the “Private Placement“) which closed on June 3, 2016 for total consideration of […]

  • Prophecy Shareholders Pass All Resolutions at 2016 AGM and Consolidates Shares

    02 Jun, 2016

    Vancouver, British Columbia, June 2, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) is pleased to announce that all proposed resolutions were approved at the Company’s Annual General Meeting of shareholders held on June 2, 2016 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 18, 2016 (the “Information Circular”), were […]

  • Prophecy to Clear TDB Loan and Issues Shares for Debt

    18 Apr, 2016

    Vancouver, British Columbia, April 18, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) is pleased to announce that it intends to pay off and close out the USD$1.5 million line of credit facility with the Trade and Development Bank of Mongolia at end of this month. The Company has also agreed to issue 2,651,096 Common shares to Nargil Molor, an insider of the company, at a deemed price of […]

  • Prophecy Proposes Issuance of Units for Debt and Share Consolidation

    30 Mar, 2016

    Vancouver, British Columbia, March 30, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) announces that it has entered into a Debt Settlement Agreement with Linx Partners Ltd. (“Linx”), a company controlled by Mr. John Lee, Executive Chairman of Prophecy, and Mr. Lee pursuant to which, the Company has agreed, subject to the approval of shareholders at the Company’s upcoming 2016 Annual General Meeting to be held at 9:00 a.m. […]

  • Prophecy Clarifies Technical Disclosure

    24 Mar, 2016

    Vancouver, British Columbia, March 24, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, Frankfurt:1P2) As a result of a review by the British Columbia Securities Commission, Prophecy is issuing the following news release to clarify our disclosure. The Company made the following non-compliant statements regarding its Pulacayo Project in its January 12, 2016 corporate presentation (the “Presentation”), and in the Mine Plan Summary (“MP Summary”) and Pulacayo-Paca Summary (“PP Summary”). […]

  • Prophecy Announces Increase and Amendments to Credit Facility and Issues Shares for Debt

    04 Mar, 2016

    Vancouver, British Columbia, March 4, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) announces that it has entered into an agreement to increase and amend the revolving credit facility agreement dated March 12, 2015, as amended (the “Credit Facility”) with Linx Partners Ltd. (“Linx”), a company controlled by Mr. John Lee, Executive Chairman of Prophecy. The previous maximum principal amount of $1.5 million available to the Company under […]

  • Prophecy Voluntarily Delists from OTCQX

    29 Jan, 2016

    Vancouver, British Columbia, January 29, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) announces that after a detailed review of the trading volume, costs and administrative requirements related to maintaining the Company’s listing on the OTCQX International, it has voluntarily delisted its Common shares from the OTCQX International effective today. Prophecy’s Common shares continue to be listed on the Toronto Stock Exchange and the Frankfurt Exchange. About Prophecy […]

  • Prophecy Closes $200,000 Private Placement and Issues Shares for Debt

    25 Jan, 2016

    Vancouver, British Columbia, January 25, 2016 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) announces that it has closed a non-brokered private placement (the “Placement”) involving the issuance of 8,000,000 units (each a “Unit”) at a price of $0.025 per Unit. Each Unit consists of one Common share in the capital of the Company (a “Share”) and one Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to […]