October 18, 2011 (Coal Geology): Common shares for Prophecy Coal Corp have been approved for listing on the Toronto Stock Exchange (“TSX”) under its current trading symbol “PCY” starting Wednesday, October 19, 2011. The Company’s shares will be delisted from the TSX Venture Exchange upon commencement of trading on the TSX.
In a press release, John Lee, CEO and Chairman of Prophecy Coal states: “TSX is the premier global exchange for the mining industry. The high standards embraced by the TSX should improve Prophecy’s trading efficiency and liquidity, strengthen access to capital markets, and broaden the Company’s market exposure. The Company continues to achieve major milestones and expects to hear from the Mongolian government regarding license issuance of the company’s flagship Chandgana power plant project soon.”
Prophecy has also announced tha appointment of of Mr. Patrick Langlois as Vice President, Corporate Development and Mr. Joseph Li to its Board of Directors.
Mr. Langlois has extensive investment banking and venture capital experience, with past roles that have included Director of Investment Banking at Stonecap Securities and Managing Director of Investment Banking at Laurentian Bank Securities. Patrick has provided corporate finance expertise across a broad spectrum of industries, advising numerous corporations regarding public offerings, private placements, as well as mergers and acquisitions. Mr. Langlois, based in Toronto, joins Prophecy on a full time basis and holds an M.B.A. from Université de Sherbrooke, as well as a CFA designation and membership in the CFA Institute. Mr. Langlois has been granted 300,000 options at $0.77 per share with a 2 year vesting schedule for a period of five years, subject to regulatory approval.
Mr. Li is a Certified General Accountant (B.C.) and has a B.Com (Hons) from Laurentian University. For 13 years, Joseph was a Senior Auditor with the B.C. Ministry of Finance, a position which allowed him to gain valuable insight into how diverse businesses and organizations of all sizes are operated. Mr. Li has been the General Manager and Corporate Secretary of Prophecy Coal Corp. since January, 2011, and oversaw the successful spinoff of Prophecy Platinum Corp.
