Prophecy Platinum Corp. ("Prophecy" or the "Company") (TSX
VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) is pleased to announce
the appointment of Jeffrey Mason as Chief Financial Officer and
Samir Devendra Patel as Corporate Secretary.
Greg Johnson, newly appointed President and CEO, stated, "We are
very pleased to have someone with Mr. Mason's depth of experience
join the executive management team as Chief Financial Officer,
during this period of rapid growth for the Company. With the
addition of Mr. Patel as Corporate Secretary and the recently
announced appointment of Mr. John Sagman as Chief Operating
Officer, we are putting in place a highly experienced management
team to advance the development of the world class Wellgreen
PGM-Cu-Ni project in the Yukon."
Jeffrey Mason is a Chartered Accountant with over twenty years'
experience in financial reporting and has worked with various
medium and large publicly-traded mining companies in the area of
accounting, corporate finance and regulatory reporting.
Mr. Mason spent fifteen years with Hunter Dickinson Inc. (HDI),
as Corporate Secretary, Chief Financial Officer and Director for
numerous public mining companies. As CFO of Taseko Mines Limited
during this time, he was instrumental in the acquisition,
reactivation and financing of the Gibraltar copper-molybdenum mine
in British Columbia, as well as its expansion from dormant into the
second largest open pit copper mine in Canada. He brings a broad
scope of both domestic and international mining experience,
including negotiating the purchase of the Xietongmen open pit
Copper-Gold Project on behalf of Continental Minerals Corporation
and setting up a Joint Venture arrangement with Jinchuan Mining
Group, before the eventual outright purchase of Continental by
Jinchuan for C$432 million. Mr. Mason also was the CFO for Northern
Dynasty Minerals Ltd. which in July 2007, established a 50:50
partnership with Anglo American plc to engineer, permit, construct
and operate a modern, long-life mine at Pebble. Under the terms of
the agreement, Anglo is required to invest US$1.425 - $1.5 billion
in project costs to retain its 50% interest. To the end of 2011,
the Pebble Partnership and its owners had invested over US$500
million on the Pebble Project.
Mr. Mason's duties at HDI further included public and private
company financial reporting, arrangement of mergers &
acquisitions, contracting joint ventures, earn-in and other mineral
project agreements and corporate reorganizations. He also led human
resources through the major expansion of the HDI workforce
including hiring, contracting, wage setting, option granting, and
administration.
Prior to HDI, Mr. Mason was with Homestake Mining Group for six
years, as Controller responsible for financial reporting and
operational accounting for the Golden Bear gold mine construction
and operations, and the Eskay Creek Gold/Silver mine construction.
Formerly an Independent Business Advisor, Mr. Mason remains an
active Director of a number of publicly-traded mining and
exploration companies, including as a member of Audit and
Compensation Committees.
Mr. Mason holds a B.Com. from the University of British Columbia
(1980) and obtained his Chartered Accountant designation from the
British Colombian Institute of Chartered Accountants (1982), while
at the international accounting firm of Deloitte & Touche. He
received a Director (ICD.D) designation in 2008, from the Institute
of Corporate Directors at the University of Toronto's Rotman School
of Management.
Mr. Samir Devendra Patel also joins Prophecy Platinum as
Corporate Secretary, bringing extensive legal experience in the
area of securities and corporate law, particularly in relation to
M&A transactions, continuous disclosure requirements, and
equity and debt financings. Prior to joining Prophecy, Mr. Patel
was with the Securities & Capital Markets Group in the
Vancouver office of Borden Ladner Gervais LLP, a leading,
full-service, national law firm. His practice involved advising
clients in a variety of sectors with respect to securities,
corporate and commercial law matters, including public company
financing transactions, mergers & acquisitions and
restructuring transactions.
Mr. Patel graduated from the University of Nottingham in the
United Kingdom with a Bachelor of Laws (Honours) in 2005, and
completed his National Accreditation requirements at the University
of Victoria in 2008. He was admitted to the British Columbia Bar in
2009.
Mr. Mason and Mr. Patel have been granted 520,000 options and
75,000 options respectively at an exercise price of $1.25 per share
expiring November 5, 2017.
Prophecy also announces the departure of Mr. Joseph Li from the
Board of Directors and as the Company's corporate secretary. Mr. Li
has played a significant role in Prophecy's development to date.
The Company appreciates Mr. Li's contributions and wishes him all
the best in his future endeavors.
About Prophecy Platinum
Prophecy Platinum Corp. is a Canadian PGM, Nickel and Copper
exploration company with projects in Canada and Uruguay. Prophecy
Platinum's flagship Wellgreen PGM-Cu-Ni project is located in Yukon
Territory, Canada. Prophecy's Shakespeare PGM-Cu-Ni project
(fully-permitted) is located in Ontario, and its Lynn Lake project
is located in Manitoba, Canada. Further information can be found at
www.prophecyplat.com.
Forward-Looking Statements: This news release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, including, without limitation, statements of potential
mineralization, the estimation of mineral resources, the
realization of mineral resource estimates, interpretation of prior
exploration and potential exploration results, the timing and
success of exploration activities generally, the timing and results
of future resource estimates, permitting time lines, metal prices
and currency exchange rates, availability of capital, government
regulation of exploration operations, environmental risks,
reclamation, title, and future plans and objectives of the Company
are forward-looking statements that involve various risks and
uncertainties. Although Prophecy believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
Forward-looking statements are based on a number of material
factors and assumptions. Factors that could cause actual results to
differ materially from those in forward-looking statements include
unsuccessful exploration results, changes in project parameters as
plans continue to be refined, results of future resource estimates,
future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions,
risks associated with operating in foreign jurisdictions, uninsured
risks, regulatory changes, defects in title, availability of
personnel, materials and equipment on a timely basis, accidents or
equipment breakdowns, delays in receiving government approvals,
unanticipated environmental impacts on operations and costs to
remedy same, and other exploration or other risks detailed herein
and from time to time in the filings made by the companies with
securities regulators. Readers are cautioned that mineral resources
that are not mineral reserves do not have demonstrated economic
viability. Mineral exploration and development of mines is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on Prophecy and the risks and challenges of
their businesses, investors should review their annual filings that
are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Prophecy Platinum Corp. Chris Ackerman Senior Manager,
Investor Relations 1-800-459-5583cackerman@prophecyplat.com
www.prophecyplat.com
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