Die news ist raus, aber leider keine Aussage zu zukünftigen Verträgen, was viele erwartet oder erhofft hatten. Die leichten Kursanstiege der letzten Tage dürfte darauf ein Hinweis sein. Die nächsten Wochen werden von viel Formalismus geprägt sein und neue kurssteigernde Mitteilungen werden vermutlich nicht erfolgen. Der Kurs wird m.E seitswärts gehen oder auch wieder etwas nachlassen.
Wie aber schon njimko erläuterte sind nicht die Kohleverträge, die eigentlichen Aktivitäten sondern die Kraftwerke und das wird noch eine Weile dauern.
Shareholders of Prophecy and Pacific Coast Nickel Approve Arrangement Transaction
VANCOUVER, BRITISH COLUMBIA - Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY)(OTCQX: PRPCF)(Frankfurt:1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V:NKL) (the "Companies") announce that their respective shareholders have approved the arrangement transaction ("Arrangement") whereby PCNC will acquire the Lynn Lake and Wellgreen nickel properties from Prophecy. The votes were tabulated during separate shareholder meetings held by Prophecy and PCNC earlier today. 98.17% of Prophecy shares and 74.64% of PCNC shares present in person or by proxy at the respective shareholder meetings supported the arrangement transaction. In connection with the arrangement, shareholders of Prophecy also approved a change of name to "Prophecy Coal Corp.", and shareholders of PCNC also approved a 10:1 share consolidation. It is expected the name change and share consolidation will be effected shortly after the completion of the arrangement.
Completion of the arrangement remains subject to approvals from the British Columbia Supreme Court and the TSX Venture Exchange. Prophecy will seek final approval from the B.C. Supreme Court for the Arrangement at a hearing to be held on June 2, 2011 with arrangement completion date on or before June 9, 2011.
The Prophecy shareholder meeting was also an annual general meeting, and shareholders of Prophecy also elected the directors and appointed Smythe Ratcliffe as auditors for the ensuing year as outlined in the management information circular accompanying the meeting.
Details on the arrangement, as well as the additional items of business conducted at the Prophecy and PCNC shareholder meetings, can be reviewed in the following joint news releases issued by the Companies: January 18, 2011, February 17, 2011 and April 4, 2011, and in the joint management circular prepared by the Companies dated April 28, 2011.
About Prophecy Resource
Prophecy Resource Corp. is an internationally diversified company engaged in developing energy, nickel and platinum group metals projects. The company controls over 1.4 billion tonnes of surface minable thermal coal resources in Mongolia. Prophecy's Ulaan Ovoo coal mine is operational and its Chandgana mine mouth power plant is currently being permitted. In Canada, Prophecy owns the Wellgreen PGM Project in Yukon and Lynn Lake Nickel Sulphide Project in Manitoba, both of which it has agreed to sell to Pacific Coast Nickel Corp (TSX-V:NKL). Prophecy also owns equity stakes in Victory Nickel Inc. and Compliance Energy Corp. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
About PCNC
Pacific Coast Nickel Corp. is a Canadian based Nickel PGM exploration company with projects in Canada, Argentina and Uruguay. PCNC's Burwash property is located adjacent to Prophecy's Wellgreen project in Yukon Territory, Canada. On April 4, 2011, PCNC agreed to buy Wellgreen and Lynn Lake projects from Prophecy Resource Corp. by issuing 450 million Pacific Coast Nickel shares to Prophecy.
ON BEHALF OF THE BOARD OF DIRECTORS of
Prophecy Resource Corp.
John Lee, Chairman and CEO
Pacific Coast Nickel Corp.
John Lee, Chairman and Interim CEO
Cautionary Statements: Completion of the transaction is subject to a number of conditions, including regulatory approval, shareholder approvals, a definitive agreement and approval of the British Columbia Supreme Court if applicable. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of exploration and development stage resource companies should be considered highly speculative.
Prophecy Resource Corp.
David Jan - Chief Financial Officer
Telephone: 1.800.358.5865
Email: djan@prophecycoal.com
Web: www.prophecycoal.com
Wie aber schon njimko erläuterte sind nicht die Kohleverträge, die eigentlichen Aktivitäten sondern die Kraftwerke und das wird noch eine Weile dauern.
Shareholders of Prophecy and Pacific Coast Nickel Approve Arrangement Transaction
VANCOUVER, BRITISH COLUMBIA - Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY)(OTCQX: PRPCF)(Frankfurt:1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V:NKL) (the "Companies") announce that their respective shareholders have approved the arrangement transaction ("Arrangement") whereby PCNC will acquire the Lynn Lake and Wellgreen nickel properties from Prophecy. The votes were tabulated during separate shareholder meetings held by Prophecy and PCNC earlier today. 98.17% of Prophecy shares and 74.64% of PCNC shares present in person or by proxy at the respective shareholder meetings supported the arrangement transaction. In connection with the arrangement, shareholders of Prophecy also approved a change of name to "Prophecy Coal Corp.", and shareholders of PCNC also approved a 10:1 share consolidation. It is expected the name change and share consolidation will be effected shortly after the completion of the arrangement.
Completion of the arrangement remains subject to approvals from the British Columbia Supreme Court and the TSX Venture Exchange. Prophecy will seek final approval from the B.C. Supreme Court for the Arrangement at a hearing to be held on June 2, 2011 with arrangement completion date on or before June 9, 2011.
The Prophecy shareholder meeting was also an annual general meeting, and shareholders of Prophecy also elected the directors and appointed Smythe Ratcliffe as auditors for the ensuing year as outlined in the management information circular accompanying the meeting.
Details on the arrangement, as well as the additional items of business conducted at the Prophecy and PCNC shareholder meetings, can be reviewed in the following joint news releases issued by the Companies: January 18, 2011, February 17, 2011 and April 4, 2011, and in the joint management circular prepared by the Companies dated April 28, 2011.
About Prophecy Resource
Prophecy Resource Corp. is an internationally diversified company engaged in developing energy, nickel and platinum group metals projects. The company controls over 1.4 billion tonnes of surface minable thermal coal resources in Mongolia. Prophecy's Ulaan Ovoo coal mine is operational and its Chandgana mine mouth power plant is currently being permitted. In Canada, Prophecy owns the Wellgreen PGM Project in Yukon and Lynn Lake Nickel Sulphide Project in Manitoba, both of which it has agreed to sell to Pacific Coast Nickel Corp (TSX-V:NKL). Prophecy also owns equity stakes in Victory Nickel Inc. and Compliance Energy Corp. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
About PCNC
Pacific Coast Nickel Corp. is a Canadian based Nickel PGM exploration company with projects in Canada, Argentina and Uruguay. PCNC's Burwash property is located adjacent to Prophecy's Wellgreen project in Yukon Territory, Canada. On April 4, 2011, PCNC agreed to buy Wellgreen and Lynn Lake projects from Prophecy Resource Corp. by issuing 450 million Pacific Coast Nickel shares to Prophecy.
ON BEHALF OF THE BOARD OF DIRECTORS of
Prophecy Resource Corp.
John Lee, Chairman and CEO
Pacific Coast Nickel Corp.
John Lee, Chairman and Interim CEO
Cautionary Statements: Completion of the transaction is subject to a number of conditions, including regulatory approval, shareholder approvals, a definitive agreement and approval of the British Columbia Supreme Court if applicable. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of exploration and development stage resource companies should be considered highly speculative.
Prophecy Resource Corp.
David Jan - Chief Financial Officer
Telephone: 1.800.358.5865
Email: djan@prophecycoal.com
Web: www.prophecycoal.com