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Tag "prophecy-coal-corp"

Prophecy Closes Final Tranche of Private Placement 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/07/13 — Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) is pleased to confirm the closing of a second and final tranche of the private placement which was the subject of its February 7, April 16, and May 31, 2013 news releases (the "Placement").The second tranche of the Placement closed with the issuance of 8,142,857 units (each a "Unit") of the Company for agg

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Prophecy Coal Corp.: Chandgana Coal Project Signs 25 Year Coal Off-take Agreement 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/05/13 — Prophecy Coal Corp. ("Prophecy") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) is pleased to announce the signing of a Coal Supply Agreement ("CSA") between Chandgana Coal LLC ("Chandgana Coal") and Prophecy Power Generation LLC ("PPG"), which is developing the 600MW mine mouth Chandgana power plant project ("The Project").Chandgana Coal and PPG are both wholly owned subsidiaries of Prophec

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Prophecy Provides Update on Closing of $1.14 Million Final Tranche of Private Placement 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 05/31/13 — Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) provides the following update on the private placement which was the subject of its February 7 and April 16, 2013 news releases (the "Placement").Prophecy expects shortly to close a second and final tranche of the Placement, which will involve the issuance of 8,142,857 units (each a "Unit") of the Company

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Prophecy Reaches 25-Year Tariff Agreement for the Chandgana Power Project 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 05/17/13 — Prophecy Coal Corp. (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) ("Prophecy" or "The Company") is pleased to announce that the Company has received official correspondence from the Head of the Chandgana project working group (the "Working Group") designated by the Mongolian Ministry of Energy, outlining the terms of a tariff agreement reached by the Working Group and Prophecy Power Generation LLC ("PPG&q

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Prophecy Closes First Tranche of Private Placement 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/16/13 — Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) announced that it has closed the first tranche of the non-brokered private placement (the "Private Placement") announced on February 7, 2013. The first tranche of the Private Placement raised gross proceeds of $613,560 through the issuance of 4,382,571 units (each a "Unit") of the Company, of which each Un

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Prophecy Provides Update on Chandgana Power Plant Project 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/16/13 — Prophecy Coal Corp. ("Prophecy") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) is pleased to provide the following update regarding its Chandgana coal mine-mouth power plant project (the "Power Project"), located in central Mongolia.As previously announced by Prophecy, all major permits required for the construction of the Power Plant have been received and required studies have been completed, including land use rights

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Prophecy Obtains Power Plant Land Use Rights 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 03/05/13 — Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) is pleased to announce that Prophecy Power Generation LLC, a wholly owned private Mongolian subsidiary of Prophecy Coal Corp., has been granted 532.4 hectares of land to be used for Prophecy-s proposed Chandgana Power Plant Construction (the "Land Use Rights"). The Land Use Rights were granted pursuant to the Law on

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Prophecy Provides Update on Tugalgatai Transaction 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 03/01/13 — Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) announces further to the news release dated November 15th, 2012, the Company continues the discussion with Tethys and its representatives regarding the purchase of Tulgalgatai coal licenses (the "Licenses").Pursuant to the credit agreement (the "Credit Agreement") between Prophecy and the Company-s creditor

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Prophecy Announces Private Placement With An Asian Strategic Partner 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/07/13 — Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) announces that it is undertaking a non-brokered private placement to raise gross proceeds of up to Can. $8,400,000 (the "Placement").The Placement involves the issuance of up to 60,000,000 units (each a "Unit") at a price of $0.14 per Unit. Each Unit consists of one common share (a "Share") of the

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Prophecy Receives Non-Binding Project Financing Indicative Term Sheet and Letter of Intent on a Project Equity Investment 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/06/13 — Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) is pleased to announce that it has received indicative terms and conditions issued by a major international bank, (the "Potential Lender"), for a proposed loan (the "Loan") in favour of Prophecy Coal Corp. ("Borrower") for the purpose of funding the development and construction of the Chandgana Ta

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