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Off-market CEO buying at Prophecy Development (:PCY)

Updated Monday Apr 17, 2017 02:28 AM EDT

John Lee, CEO and Director, acquired 30,000 Common Shares without par value on a direct ownership basis at a price of $4.000 and 30,000 Warrants on a direct ownership basis exercisable at a price of $5.000 for a period of five years through a prospectus or prospectus exempt offering on April 13th, 2017. This represents a $120,000 investment into the company's shares and an account share holdings change of 3.1%.

Prophecy Development is in the Coal Sub Industry Group under the Energy Sector.

Prophecy Development Corp., formerly Prophecy Coal Corp., is a Canada-based company, which is engaged in exploring and developing mining properties and energy projects in Canada, Mongolia, and Bolivia. The Company operates through the acquisition, exploration and development of mineral properties segment. Its Ulaan Ovoo Property is located in Selenge province, Mongolia. Its mineral properties include Chandgana Tal Property, Khavtgai Uul Property, Titan Property, Okeover Property and Pulacayo Property. The Chandgana Tal property is a coal exploration property consisting of over two exploration licenses located in the northeast part of the Nyalga coal basin. The Chandgana Khavtgai property is a coal exploration property. The Titan property, which is a vanadium-titanium-iron project, is located in Ontario, Canada. The Okeover property is a copper-molybdenum project. The Pulacayo property, a silver-lead-zinc project is located in southwestern Bolivia.

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