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STOCKINFO
| TSX: PCY | 0.095 | -0.005 |
|---|---|---|
| OTC-QX: PRPCF | 0.1046 | +0.0001 |
| Frankfurt: 1P2 | 0.072 | -0.003 |
Delayed by 20 minutes
Prophecy Announces AGM Voting results.
Vancouver, British Columbia, August 1, 2013: Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to announce the voting results for election of its Board of Directors at the Annual and Special General Meeting of Shareholders held on July 30, 2013 in Vancouver, British Columbia. The director nominees as listed in the Management Information Circular dated June 27, 2013 were elected as directors of the Company at the meeting to serve until the next Annual General Meeting. According to the proxies received and voted by ballot, the results are as follows:
| Nominees | For | For % | Against | Against % | Withheld | Withheld % |
| Number of Directors (5) | 48,625,111 | 99.1948 % | 396,548 | .8052% | ||
| John Lee | 28,834,568 | 98.37 %* | 476,365 | 1.63 % | ||
| Greg Hall | 28,874,967 | 98.51 %* | 435,966 | 1.49 % | ||
| Michael Deats | 28,833,481 | 98.37 %* | 477,453 | 1.63 % | ||
| Harald Batista | 28,879,880 | 98.53 %* | 431,053 | 1.47 % | ||
| Chuluunbaatar Baz | 28,645,680 | 98.50 %* | 440,253 | 1.50 % |
*There were 19,935,726 non-votes reported by the scrutineers in respect of the above motion. The percentages reported in this news release are calculated on the votes cast in person and by proxy at the meeting which total 29,310,933 with respect to the above mentioned motion.
Voting results have been reported on www.sedar.com.
The Company has not adopted a majority voting policy, but will be doing so in the forthcoming months.
ON BEHALF OF THE BOARD OF PROPHECY COAL CORP.
——-“John Lee”
JOHN LEE
Executive Chairman
About Prophecy Coal
Prophecy Coal Corp. is a Canadian listed company engaged in developing energy projects in Mongolia. The Company’s wholly-owned subsidiary Prophecy Power Generation LLC is advancing plans for a proposed 600 MW mine-mouth power plant, which has been permitted by the Mongolian government, adjacent to its Chandgana coal deposit. Chandgana Coal LLC, another Prophecy wholly-owned Mongolian subsidiary, is expected to supply 3.5 million tonnes of coal per year to Prophecy Power for 25 years. Chandgana Coal LLC controls over 1.2 billion tonnes of thermal coal in the measured and indicated categories, including two mining licenses containing 124 million tonnes of measured resource with a strip ratio of 0.7:1. Substantially all of the Company’s resources are not mineral reserves, hence they do not have demonstrated economic viability.
Further information on the Company can be found at www.prophecycoal.com.
For more information about Prophecy, please contact
Bekzod KasimovManager, Business Development+976 – 99012672+1-888-513-6286[email protected]www.prophecycoal.com
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
