Prophecy Coal Completes Acquisition of Pulacayo-Paca

- January 2nd, 2015

Prophecy Coal Corp. (TSX:PCY) has completed its acquisition of Apogee Silver Ltd.’s (TSXV:APE) subsidiaries and their joint venture interest in the Pulacayo-Paca project.

Prophecy Coal Corp. (TSX:PCY) has completed its acquisition of Apogee Silver Ltd.’s (TSXV:APE) subsidiaries and their joint venture interest in the Pulacayo-Paca project.

As quoted in the press release:

Shareholders of Apogee overwhelmingly approved the transaction, with shareholders holding over 31% of the common shares voting 99.4% in favour of the transaction at a Special Meeting held on December 29, 2014.

In consideration, the Company has paid Apogee $250,000 and issued to Apogee 60 million common shares (the ‘Consideration Shares’).

Click here to read the Prophecy Coal Corp. (TSX:PCY) press release See this press release on Marketwire

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