ProactiveInvestors: Prophecy Coal closes $10 mln private placement financing

Coal miner Prophecy Coal said after markets closed Thursday that it closed a previously announced $10.06 million non-brokered private placement financing. The company sold 22.36 million shares priced at 45 cents each. That is up from the initial 20 million Prophecy originally planned to sell. Prophecy said company insiders invested $508,500, and together with existing shareholders, subscribed for a majority of the financing. To read the full article, click hereProphecy Coal closes $10 mln private placement financing

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