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Prophecy Development Corp (2) Symbol C : PCY Shares Issued 4,760,778 Close 2016-10-06 C$ 3.25 Recent Sedar Documents View Original Document
Prophecy to hold webcast Oct. 10
2016-10-06 20:27 ET - News Release
Mr. John Lee reports
PROPHECY WEBCAST MONDAY, OCTOBER 10 AND EARLY WARNING REPORT
Prophecy Development Corp. will hold a special webcast scheduled to take place Oct. 10 at 11 a.m. (PDT), 2 p.m. (EDT) and 8 p.m. (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 start in third quarter 2016; Progress at all of Prophecy's projects in Bolivia and Mongolia; Question-and-answer session.
The webcast link is posted at the company's website.
The company also announces that Mr. Lee, executive chairman of the company, acquired 1,000 shares of Prophecy through trading in the secondary market (that is, the Toronto Stock Exchange) on Oct. 6, 2016.
Prior to the acquisition, Mr. Lee beneficially owned 1,069,953 shares, representing approximately 22.47 per cent of the issued and outstanding shares of the company.
As a result of the acquisition, Mr. Lee now beneficially owns and exercises control over an aggregate of 1,070,953 shares, representing an interest of approximately 22.50 per cent of the company's currently issued and outstanding shares, and 34.34 per cent of the company's shares on a fully diluted basis assuming exercise of all of the company's outstanding share purchase warrants.
The securities were acquired by Mr. Lee for investment purposes only, and not for purposes of exercising control or direction over the company.
Generally, Mr. Lee intends to evaluate his investment in the company and to increase or decrease his shareholdings as circumstances require, depending on market conditions and other factors, through market transactions, private agreements or otherwise.
The information contained in this news release has been provided by Mr. Lee, and the company is not responsible for its accuracy.
A copy of the early warning report pursuant to National Instrument 62-103 required to be filed with the applicable securities commissions in connection with the acquisition of the shares described in this news release will be available for viewing under the company's profile at SEDAR. A copy of the early warning report can also be obtained from the company contact for investor relations.
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