Prophecy Platinum Appoints Harald Batista and Myron Manternach as Directors
www.marketwire.com/...l....x-venture-nkl-1678090.htmVANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2012) - Prophecy Platinum Corp. (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) ("Prophecy" or the "Company") is pleased to announce the appointments of Mr. Harald Batista and Mr. Myron Manternach to its Board of Directors.
Mr. Batista is an accomplished entrepreneur with over 2 decades of sales and marketing experience. He holds an MBA degree from Santa Clara University in California and is a member of the prominent Batista family in Brazil that includes Eliezer Batista, the founder of Vale do Rio Doce Company (now Vale) and Eike Batista, the founder of EBX Group. EBX Group focuses on investment opportunities in infrastructure and natural resources, sectors in which Brazil presents important competitive differentials. These investments are focused on MMX (iron-ore mining), MPX (energy), LLX (logistics), OGX (oil and gas), AUX (gold mining), CCX (coal mining) and OSX (oil services). MMX, OGX, MPX, CCX and LLX are listed on Brazil's Novo Mercado - at the Sao Paulo Stock Exchange (BOVESPA). The combined market capitalization of EBX Group companies exceeds US $20 billion.
Mr. Manternach is currently a Managing Director of Composite Capital, LLC, an investment advisory firm based in Greenwich, Connecticut. Prior to joining Composite Capital, Mr. Manternach was Managing Director of Octavian Advisors, a global investment fund based in New York where he managed public and private debt and equity investments involving companies in the natural resource industries and emerging markets. From 1994 to 2001, Mr. Manternach was a vice president of investment banking at JPMorgan, where he advised on mergers and acquisitions, and raised capital for financial sponsors and corporate clients in a wide variety of industries, including metals & mining, paper & packaging, telecom, media, and technology. Mr. Manternach holds an MBA from the Wharton School of the University of Pennsylvania and a BS in Electrical Engineering with Distinction from Iowa State University.
John Lee, Chairman of Prophecy, states: "Harald brings top-tier international networking and Myron brings expert M&A and financial guidance to Prophecy. As the Company moves towards feasibility and permitting, Harald and Myron will provide invaluable input towards strategic alliances and project financing to maximize shareholder value."
The Company also wishes to announce that it has granted options to acquire an aggregate of 1,000,000 common shares at a price of $2.04 per share for a period of five years to directors, officers, employees and consultants of the Company. The above grant is subject to regulatory approval, including the approval of the TSX Venture Exchange
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