Marifil Mines Ltd. (TSXV:MFM) announced that it has given Prophecy Platinum Corp. (TSXV:NKL) an extension on completing its work obligations at Marifil’s Las Aguilas platinum-nickel-copper-cobalt deposit in Argentina.

As quoted in the press release:

Marifil has agreed to the extensions, but in return requested an extra $50,000 payment. The next payment, due on or before April 1, 2012, has been increased to $125,000. The 250,000 share payment (pre-consolidation) remains unchanged; the post-consolidation payment will be 25,000 shares of Prophecy common stock.

Click here to read the full Marifil Mines Ltd. (TSXV:MFM) press release.