Prophecy Platinum

Prophecy Platinum Schließt $10 Millionen Privatplatzierung ab

Vancouver, British Columbia, 17. November 2011: Prophecy Platinum Corp. (‚Prophecy Platinum“ oder die „Firma“) (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) gibt erfreut den Abschluss der maklerfreien Privatplatzierung bekannt, die am 1. November angekündigt und am 3. November 2011 . Die Firma hat 3.709.489 Stammaktien für insgesamt $10.015.620,30 ausgegeben.

Zeichnung von Firmenzugehörigen und Betriebsführung machen etwa 25% der Platzierung aus. Eine Vermittlungsprovision von 6% der platzierten Finanzierung wurde in bar für Teile der Platzierung ausgezahlt.

Die ausgegebenen Aktien unterliegen Haltefristen, die am 16. und 17. März 2012 ablaufen. Die 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:
Chris Ackerman
Abteilungsleiter, Investoren-Beziehungen
Telefon: 1.800.459.5583
cackerman@prophecycoal.com
www.prophecyplat.com

Haftungsausschluss:
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„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.“

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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.