ZitatAlles anzeigenPacific Coast Nickel Corp. Purchases Wellgreen PGM and Lynn Lake Nickel Projects From Prophecy Resource Corp.
Vancouver, British Columbia, January 18, 2011: Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY, OTC: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL) (the "Companies") are pleased to announce that they have entered into a binding letter of agreement dated January 17, 2011 (the "Agreement") whereby PCNC will acquire Prophecy’s Nickel PGM projects by issuing common shares to Prophecy. (the "Transaction").
Terms of the Transaction
Pursuant to the Agreement, PCNC will acquire the Wellgreen PGM Ni-Cu and Lynn Lake nickel projects located in the Yukon Territory and Manitoba respectively (the “Properties”) by issuing up to 550 million common shares of PCNC to Prophecy. PCNC currently has 55.7 million shares outstanding.
Following the Transaction,
* Prophecy will own approximately 90% of PCNC.
* PCNC will consolidate its share capital on a 10 old for 1 new basis.
* Prophecy will change its name to “Prophecy Coal Corp.” and PCNC will be renamed as “Prophecy Platinum Corp.
* Prophecy intends to distribute half of its PCNC share to shareholders pro rata in accordance with their holdings (the “PCNC Distribution”).
Based on the closing price of the common shares of PCNC on January 17, 2010, being $0.195 per share, the gross value of the Transaction is $107,250,000.
Quelle: http://www.prophecyresource.com/news_2011_jan18.php
Gruß! Fritz