Prophecy Platinum Corp.(TSXV:NKL) announced that it has closed a new non-brokered private placement of 2,500,000 units for gross proceeds of $3 million. The Company also reported that it currently has plenty funds to carry out the remainder of its summer drill program.
As quoted in the press release:
The Company is well funded to execute the remainder of its summer drill program, currently with two active rigs and pending assays from over 20 underground and surface holes.
Prophecy Platinum, Chairman and CEO, John Lee, stated:
We appreciate shareholder patience and support in this turbulent market. Wellgreen is a disruptive discovery in modern times which will specifically address the global PGM supply imbalance. The project has already come a long way under Prophecy in the last 12 months and we believe investors over time will come to appreciate the rarity of Wellgreen as a very large Ni-Cu-PGM asset in a mining friendly jurisdiction.