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Prophecy Development Corp (2)
Symbol PCY
Shares Issued 122,915,508
Close 2020-03-16 C$ 0.12
Recent Sedar Documents

Prophecy Development shareholders OK all matters at ASM

2020-03-17 10:16 ET - News Release

Mr. Michael Doolin reports

PROPHECY SHAREHOLDERS PASS ALL RESOLUTIONS AT 2020 SPECIAL MEETING PROPHECY TO BE RENAMED SILVER ELEPHANT MINING CORP.

All proposed resolutions were approved at Prophecy Development Corp.'s special meeting of shareholders held on March 16, 2020, in Vancouver, B.C.

                                     VOTING RESULTS

Matters voted upon                                                         Voting results 
  
                                                      Votes in favour: 9,926,518 (67.45%)   
                                                        Votes against: 4,789,696 (32.55%)
                                                   Approved the ratification of 1,275,000 
Ratification of previously granted stock options         stock options previously granted 
                                                     Votes in favour: 22,420,268 (86.54%)      
                                                        Votes against: 3,486,960 (13.46%)
                                                   Approved with or without variation the 
                                                       amendment of the Articles and name  
                                                          change of the company to Silver
Name change                                                         Elephant Mining Corp.
                                                     Votes in favour: 20,002,463 (77.21%)     
                                                        Votes against: 5,904,765 (22.79%)
                                                   Approved with or without variation the 
                                                          consolidation of the issued and  
                                                         outstanding common shares of the   
Share consolidation                                                               company             

Notes:

  1. There were 10,679,899 non-votes reported by the scrutineer of the meeting in respect of the aforementioned motion.
  2. Additionally, 511,115 shares held by an insider were excluded from the calculation of the voting results.
  3. The percentages reported are calculated on the votes cast in person and by proxy at the meeting, which total 25,908,228 with respect to the aforementioned motion.

A report on voting results on all matters voted on at the meeting have been filed on SEDAR.

The company will announce upon receipt of approval from the TSX the trading of its shares under its new name Silver Elephant Mining Corp. and trading symbol ELEF. No action will be required by existing shareholders with respect to the name change.

There is no immediate plan to consolidate the company shares. In the event that the share consolidation is effected, management and the board of directors of the company will examine all available opportunities including but not limited to the ability to satisfy the requirements of a potential listing on another United States stock exchange.

About Prophecy Development Corp.

Prophecy is developing its premier Pulacayo silver project in Bolivia.

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