Prophecy to Trade on Toronto Stock Exchange Starting October 19
October 18 2011 - 8:30AM
Marketwired
Prophecy Coal Corp. ("Prophecy") (TSX
VENTURE:PCY)(OTCQX:PRPCF)(PINK SHEETS:PRPCF)(FRANKFURT:1P2) (the
"Company") is pleased to announce that its common shares have been
approved for listing on the Toronto Stock Exchange ("TSX") under
its current trading symbol "PCY" starting Wednesday, October 19,
2011. The Company's shares will be delisted from the TSX Venture
Exchange upon commencement of trading on the TSX.
John Lee, CEO and Chairman of Prophecy Coal, states: "TSX is the
premier global exchange for the mining industry. The high standards
embraced by the TSX should improve Prophecy's trading efficiency
and liquidity, strengthen access to capital markets, and broaden
the Company's market exposure. The Company continues to achieve
major milestones and expects to hear from the Mongolian government
regarding license issuance of the Company's flagship Chandgana
power plant project soon."
Prophecy is also pleased to announce the appointments of Mr.
Patrick Langlois as Vice President, Corporate Development and Mr.
Joseph Li to its Board of Directors.
Mr. Langlois has extensive investment banking and venture
capital experience, with past roles that have included Director of
Investment Banking at Stonecap Securities and Managing Director of
Investment Banking at Laurentian Bank Securities. Patrick has
provided corporate finance expertise across a broad spectrum of
industries, advising numerous corporations regarding public
offerings, private placements, as well as mergers and acquisitions.
Mr. Langlois, based in Toronto, joins Prophecy on a full time basis
and holds an M.B.A. from Universite de Sherbrooke, as well as a CFA
designation and membership in the CFA Institute. Mr. Langlois has
been granted 300,000 options at $0.77 per share with a 2 year
vesting schedule for a period of five years, subject to regulatory
approval.
Mr. Li is a Certified General Accountant (B.C.) and has a B.Com
(Hons) from Laurentian University. For 13 years, Joseph was a
Senior Auditor with the B.C. Ministry of Finance, a position which
allowed him to gain valuable insight into how diverse businesses
and organizations of all sizes are operated. Mr. Li has been the
General Manager and Corporate Secretary of Prophecy Coal Corp.
since January, 2011, and oversaw the successful spinoff of Prophecy
Platinum Corp.
About Prophecy Coal
Prophecy Coal Corp. is a Canadian listed company engaged in
developing energy projects in Mongolia. The Company has over 1.4
billion tonnes of surface minable thermal coal resources on two
coal properties in Mongolia. Prophecy Coal's Ulaan Ovoo coal mine
is in production and Chandgana mine mouth power plant is currently
being permitted. Prophecy Coal is the controlling shareholder of
Prophecy Platinum Corp. (TSX VENTURE:NKL). Mineral resources that
are not mineral reserves do not have demonstrated economic
viability. Further information on Prophecy Coal can be found at
www.prophecycoal.com.
ON BEHALF OF THE BOARD OF DIRECTORS Prophecy Coal Corp.
John Lee, CEO/Chairman
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Prophecy Coal Corp. Chris Ackerman Manager, Investor
Relations
1-800-459-5583cackerman@prophecycoal.comwww.prophecycoal.com
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