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RR1:AU
Rights Issue and Shortfall
Prophecy Secures Far East Russian Sea Port Allocation and Provides Ulaan Ovoo Mine Production Update
Jun. 14, 2011 07:38AM PST
Industrial MetalsProphecy Coal Corp. (CVE:PCY,OTC:PRPCF,FRA:1P2) announced it has procured port allocation in the Port of Sovgavan, Russia.
Prophecy Coal Corp. (TSXV:PCY,OTC:PRPCF,FRA:1P2) announced it has procured port allocation in the Port of Sovgavan, Russia.
The press release is quoted as saying:
Securing of the port opens Prophecy to a significant number of coal buyers, and the Company is currently placing top priority to conclude rail transport within Russia and coal off take contracts.
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