MarketWatch / marketwire: Prophecy Coal Obtains Credit Facilities Totaling $7 Million to Advance Chandgana Project

Prophecy Coal Corp. is pleased to announce that it has executed a term sheet for a secured debt facility of up to $5 million (the “Debt Facility”) with a leading resource lender and a $2 million inter-company loan facility agreement (the “Inter-Co Facility”) with its controlled affiliate, Prophecy Platinum Corp. The Debt Facility is currently subject to completion of the lender’s due diligence, TSX approval and completion of customary credit documentation. To read the full article, click hereProphecy Coal Obtains Credit Facilities Totaling $7 Million to Advance Chandgana Project

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