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Prophecy Development Corp (2)
Symbol PCY
Shares Issued 121,299,508
Close 2019-12-03 C$ 0.30
Recent Sedar Documents

Prophecy clears all Bolivian tax liabilities

2019-12-04 08:56 ET - News Release

Mr. Michael Doolin reports

PROPHECY CLEARS ALL BOLIVIAN TAX LIABILITIES

Further to the Bolivian tax claim contingency discussed in Prophecy Development Corp.'s Q3 financial reports, on Nov. 18, 2019, Prophecy received the 18-page resolution No. 195/2018 issued by the Supreme Court of Bolivia, signed by all of its nine judges. It declares that the contentious tax claim of $6,556,787 (U.S.) ($816,769.54 (U.S.) income tax on alleged 2003 profits and $5,740,017.81 (U.S.) in interests and penalties) brought by Bolivia's General Revenue Authority against Prophecy's Bolivian subsidiary is not proven.

The resolution is final and binding. Hence neither Prophecy nor Prophecy's Bolivian subsidiaries owe any outstanding back taxes to the Bolivian General Revenue Authority.

About Prophecy Development Corp.

Prophecy is developing the Pulacayo silver project in Bolivia and Gibellini vanadium project in Nevada.

We seek Safe Harbor.

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