Prophecy Platinum Appoints Chief Financial Officer and Corporate Secretary
07 November 2012 - 4:33AM
OTC Markets
Prophecy Platinum Corp. ("Prophecy" or the
“Company”)
(TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) is pleased to
announce
the appointment of Jeffrey Mason as Chief Financial Officer and
Samir Devendra
Patel as Corporate Secretary.
Greg Johnson, newly appointed President and CEO, stated "We are
very
pleased to have someone with Mr. Mason’s depth of experience join
the executive
management team as Chief Financial Officer, during this period of
rapid growth
for the Company, With the addition of Mr. Patel as Corporate
Secretary and the
recently announced appointment of Mr. John Sagman as Chief
Operating Officer,
we are putting in place a highly experienced management team to
advance the
development of the world class Wellgreen PGM-Cu-Ni project in the
Yukon.”
Jeffrey Mason is a Chartered Accountant with over twenty years’
experience in
financial reporting and has worked with various medium and
large
publicly-traded mining companies in the area of accounting,
corporate finance
and regulatory reporting.
Mr. Mason spent fifteen years with Hunter Dickinson Inc. (HDI), as
Corporate
Secretary, Chief Financial Officer and Director for numerous public
mining
companies. As CFO of Taseko Mines Limited during this time,
he was
instrumental in the acquisition, reactivation and financing of the
Gibraltar
copper-molybdenum mine in British Columbia, as well as its
expansion from
dormant into the second largest open pit copper mine in
Canada. He brings
a broad scope of both domestic and international mining experience,
including
negotiating the purchase of the Xietongmen open pit Copper-Gold
Project on
behalf of Continental Minerals Corporation and setting up a Joint
Venture
arrangement with Jinchuan Mining Group, before the eventual
outright purchase
of Continental by Jinchuan for C$432 million. Mr. Mason also was
the CFO for
Northern Dynasty Minerals Ltd. which in July 2007, established a
50:50
partnership with Anglo American plc to engineer, permit, construct
and operate
a modern, long-life mine at Pebble. Under the terms of the
agreement, Anglo is
required to invest US$1.425 -- $1.5 billion in project costs to
retain its 50%
interest. To the end of 2011, the Pebble Partnership and its owners
had
invested over US$500 million on the Pebble Project.
Mr. Mason’s duties at HDI further included public and private
company financial
reporting, arrangement of mergers & acquisitions, contracting
joint
ventures, earn-in and other mineral project agreements and
corporate
reorganizations. He also led human resources through the
major expansion
of the HDI workforce including hiring, contracting, wage setting,
option
granting, and administration.
Prior to HDI, Mr. Mason was with Homestake Mining Group for six
years, as
Controller responsible for financial reporting and operational
accounting for
the Golden Bear gold mine construction and operations, and the
Eskay Creek
Gold/Silver mine construction. Formerly an Independent Business
Advisor, Mr.
Mason remains an active Director of a number of publicly-traded
mining and
exploration companies, including as a member of Audit and
Compensation
Committees.
Mr. Mason holds a B.Com. from the University of British Columbia
(1980) and
obtained his Chartered Accountant designation from the British
Colombian
Institute of Chartered Accountants (1982), while at the
international
accounting firm of Deloitte & Touche. He received a
Director (ICD.D)
designation in 2008, from the Institute of Corporate Directors at
the
University of Toronto’s Rotman School of Management.
Mr. Samir Devendra Patel also joins Prophecy Platinum as Corporate
Secretary,
bringing extensive legal experience in the area of securities and
corporate
law, particularly in relation to M&A transactions, continuous
disclosure
requirements, and equity and debt financings. Prior to joining
Prophecy, Mr.
Patel was with the Securities & Capital Markets Group in the
Vancouver
office of Borden Ladner Gervais LLP, a leading, full-service,
national law
firm. His practice involved advising clients in a variety of
sectors with
respect to securities, corporate and commercial law matters,
including public
company financing transactions, mergers & acquisitions and
restructuring
transactions.
Mr. Patel graduated from the University of Nottingham in the United
Kingdom
with a Bachelor of Laws (Honours) in 2005, and completed his
National
Accreditation requirements at the University of Victoria in 2008.
He was
admitted to the British Columbia Bar in 2009.
Mr. Mason and Mr. Patel have been granted 520,000 options and
75,000 options
respectively at an exercise price of $1.25 per share expiring
November 5, 2017.
Prophecy also announces the departure of Mr. Joseph Li from the
Board of
Directors and as the Company's corporate secretary. Mr. Li has
played a
significant role in Prophecy’s development to date. The Company
appreciates Mr.
Li’s contributions and wishes him all the best in his future
endeavors.
About Prophecy Platinum
Prophecy Platinum Corp. is a Canadian PGM, Nickel and Copper
exploration
company with projects in Canada and Uruguay. Prophecy Platinum’s
flagship
Wellgreen PGM-Cu-Ni project is located in Yukon Territory,
Canada.
Prophecy’s Shakespeare PGM-Cu-Ni project (fully-permitted) is
located in
Ontario, and its Lynn Lake project is located in Manitoba,
Canada. Further
information can be found at www.prophecyplat.com.
For further information:
Chris Ackerman
Senior Manager, Investor Relations
1-800-459-5583
cackerman@prophecyplat.com
www.prophecyplat.com
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.
Nickel Creek Platinum (QB) (USOTC:NCPCF)
Historical Stock Chart
From Feb 2025 to Mar 2025
Nickel Creek Platinum (QB) (USOTC:NCPCF)
Historical Stock Chart
From Mar 2024 to Mar 2025