TSX-V Symbol: PCY
VANCOUVER, Dec. 4 /CNW/ - Prophecy Resource Corp. is pleased to announce
that it has retained Contact Financial Corp. to provide investor relations
services to the Company, subject to acceptance for filing by the TSX Venture
Exchange. Contact Financial will assist Prophecy with the development and
implementation of a comprehensive investor relations strategy. The principals
of Contact Financial are Kirk Gamley and Karl Kottmeier.
Contact Financial has been retained for a minimum three month term at
$8,000 per month, plus reimbursement of approved expenses. Prophecy has also
agreed to grant 200,000 incentive stock options to the principals of Contact
Financial, exercisable at a price of $0.25 for a period of two years and
subject to TSX Venture Exchange rules with regard to vesting and pricing.
About Prophecy Resource Corp.
Prophecy is currently drilling at the Okeover Copper-Molybdenum property
on tidewater in B.C., twenty-five kilometres north of the City of Powell
River. In 2006, N.C. Carter, PhD, P.Eng, completed a technical report on the
Okeover Property pursuant to NI 43-101 that estimated an inferred mineral
resource for the North Lake Zone of 86.8 million tonnes grading 0.31% copper
(approximately 593,000,000 lbs.) and 0.014% MoS2 (approximately 15.9 million
lbs of molybdenum) at a 0.20% copper cut-off grade. The current drill program
is focused on the South Breccia area, which is one of eight prospective zones
identified at Okeover and has not had any significant exploration work
undertaken for more than ten years.
ON BEHALF OF THE BOARD OF DIRECTORS
Stuart Rogers, Chief Financial Officer
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: about Prophecy Resource Corp., visit our web
site at www.prophecyresource.com or contact us toll-free at (888) 818-8748.