Mr. Michael Doolin reports
PROPHECY ENGAGES INVESTOR RELATIONS MANAGER AND ISSUES BONUS SHARES
Prophecy Development Corp. has engaged Ken Cotiamco to provide investor relations and shareholder communications services for the company effective Jan. 6, 2020.
In connection with the engagement, Mr. Cotiamco has been awarded a consulting contract paying $4,000 per month for a term of three months (which can be extended) and 100,000 incentive stock options, exercisable at a price of 41 cents per common share for a term of five years expiring on Jan. 6, 2025, and vest at 12.5 per cent per quarter for the first two years following the date of grant.
The company further announces that pursuant to the terms of the company's share-based compensation plan as approved at its annual general meeting of shareholders held on June 2, 2016, and amended on June 13, 2017, and further amended on Sept. 12, 2019, it has issued in aggregate, 1,601,000 common shares (subject to a minimum hold period of four months plus one day from the date of issue) as 2019 bonus payments to certain directors, officers, employees and consultants of the company.
The company has 122,900,508 common shares outstanding after issuing bonus shares.
About Prophecy Development Corp.
Prophecy is developing premier Pulacayo silver project in Bolivia.
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