Prophecy Platinum

Prophecy Platinum Arrangiert $8,1 Millionen Privatplatzierung

Vancouver, British Columbia, 1. November 2011: Prophecy Platinum Corp. („Prophecy Platinum“ oder die „Firma“) (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) gibt die Einrichtung einer maklerfreien Privatplatzierung von 3.000.000 Stammaktien zum Preis von $2,70 pro Stammaktie zu einer Gesamtsumme von $8.100.000 bekannt.

Firmenzugehörige Sprott Asset Management LP, im Auftrag von verschiedenen Fonds und verwalteten Konten, hat sich für bis zu 25% dieser Finanzierung verpflichtet. Es ist erwartet, das zusätzliche Zugehörige der Firma bei $2,72 pro Stammaktie zu unterzeichnen, entsprechend den Richtlinien des TSX Venture Exchange.
 
Eine Vermittlungsprovision ist  entsprechend der Richtlinien des TSX Venture Exchange in Bezug auf die Finanzierung zahlbar.

Der Abschluss der Platzierung ist bis zum 11. November 2011 erwartet.

Erträge der Platzierung werden für das Flaggenschiff der Firma, das PGM-Ni-Cu Projekt in Wellgreen im Yukon eingesetzt, sowohl als auch für seine anderen Projekte und allgemeines Arbeitskapital.

Über Prophecy Platinum

Prophecy Platinum Corp. ist eine in Kanada ansässige Nickel-PGM-Erforschungsfirma mit Projekten in Kanada, Argentinien und Uruguay. Das Flaggenschiff der Firma ist das Wellgreen PGM-Cu-Ni Projekt im Yukon Territorium, Kanada und das Lynn Lake Projekt liegt in Manitoba, Kanada. Weitere Informationen können auf der Website www.prophecyplat.com gefunden werden.

IM AUFTRAG DES AUFSICHTSRATES von 

Prophecy Platinum Corp.
"John Lee"
John Lee
Vorstandsvorsitzender

Für weitere Informationen:
Asif Visram
Abteilungsleiter, Investoren-Beziehungen
Telefon 1.800.358.5865
E-Mail: avisram@prophecyplat.com
www.prophecyplat.com

Haftungsausschluss:
Für Erläuterungen betreffend vorrausschauende Aussagen (Forward Looking Statements) und legal bindenden Haftungserklärungen, verweisen Sie bitte auf die englische Originalversion dieser Pressemitteilung.

„Weder der TSX Venture Exchange noch seine Regulierungs-Dienstanbieter (Regulation Services Provider, wie dieser Begriff Richtlinien des TSX Venture Exchange definiert ist) übernimmt Haftung für die Angemessenheit oder Exaktheit dieser Pressemitteilung.“

Prophecy übernimmt für die Richtigkeit der Übersetzung keine Haftung. Bitte beachten Sie die englische Originalmeldung!

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including, without limitation, statements potential mineralization, the estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. . Although Prophecy believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals in respect of the Transaction, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with operating in foreign jurisdictions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on Prophecy and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

This press release does not constitute an offer to sell or a solicitation to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (“the U.S. Securities Act”) or any state securities law and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.