URSA Acquisition Completed by Prophecy Platinum

Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) has acquired URSA Major Minerals, with the transition completed on July 16, 2012.

As quoted in the press release:

Following the transaction, Prophecy will have a total of approximately 58,705,461 common shares issued and outstanding, as well as options and warrants entitling holders to purchase approximately 9,037,347 common shares, at exercise prices ranging from $7.50 to $0.9 and having expiry dates ranging from August 9, 2012 to July 13, 2017.

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