Prophecy Platinum Closes $10 Million Private Placement

Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) announced the closing of the non-brokered private placement previously announced on November 1, 2011 and increased on November 3, 2011.

As quoted in the press release:

Insiders and Company management subscriptions accounted for approximately 25% of the placement. Finder’s fees of 6% of the proceeds placed, payable in cash, were paid on portions of the placement.

Click here to read the Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) press release

Click here to see the Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) profile.