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Mar. 05, 2013 11:30AM PST
Prophecy Power Generation LLC, a wholly owned private Mongolian subsidiary of Prophecy Coal Corp. (TSX:PCY,OTCQX:PRPCF,FWB:1P2) has been granted 532.4 hectares of land to be used for the proposed Chandgana Power Plant Construction.
As quoted in the press release:
The Land Use Rights were granted pursuant to the Law on Administrative Unit of Mongolia its Management Art 29.2; land law Art 21.4.3 and Art 44.6 and Art 44.8 and an Decree issued by the Citizen’s Delegate Representative Members (CDRM) of Murun Soum (sub-province), dated February 22nd of 2013 – no.17 and Governor’s Ordinance dated the same day with number A/12.
Click here to read the Prophecy Coal Corp. (TSX:PCY,OTCQX:PRPCF,FWB:1P2) press release
Click here to see the Prophecy Coal Corp. (TSX:PCY,OTCQX:PRPCF,FWB:1P2) profile.