Mr. Michael Doolin reports
PROPHECY APPOINTS NEW CORPORATE SECRETARY
Prophecy Development Corp. has appointed Brigitte McArthur as corporate secretary of the company.
Ms. McArthur brings over 30 years experience working with private and publicly trading companies. Previous to joining the company, Ms. McArthur served as corporate secretary of Nevsun Resources Ltd. until being acquired by Zijin Mining Group Company Ltd. Throughout her extensive experience, Ms. McArthur has been responsible for all aspects of corporate governance and regulatory matters.
The company further announces the departures of Rocio Echegaray, the company's previous corporate secretary and Michael Drozd, the company's vice-president, operations. Mr. Drozd's duties will be assumed by Michael Doolin, the company's chief executive officer, and Joaquin Merino Marquez, the company's newly appointed vice-president, South American operations. The company wishes to thank Ms. Echegaray and Mr. Drozd for their services and wishes them the best in their future endeavours.
The company further announces that pursuant to the company's 2016 share-based compensation plan as amended, the company has granted to an officer of the company 100,000 incentive stock options exercisable at a price of 33 cents per common share for a term of five years expiring on Nov. 15, 2024, which vest at 12.5 per cent per quarter for the first two years following the date of grant. The company has cancelled a total of 275,000 stock options previously granted to the departing officers with various exercise prices.
About Prophecy Development Corp.
Prophecy is developing Pulacayo silver project in Bolivia and Gibellini vanadium project in Nevada.
We seek Safe Harbor.
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