Prophecy Spends Approx $4m on Platinum and Palladium ETFs

Prophecy Platinum Corp.(TSXV:NKL, OTCQX:PNIKF, FWB:P94P) announced the recent purchase of approximately $2million each in platinum and palladium exchange funds.

Prophecy Platinum, Chairman, John Lee, said:

“With the price of platinum currently trailing the price of gold, and the fact that annual platinum production amounts to less than 10% of gold production, Prophecy Platinum’s directors at a board meeting, after the Company’s recent annual general meeting, unanimously approved this cash diversification.”

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