04:01 PM EST - Prophecy Resource Corp : announced that it and Northern Platinum Ltd. have entered into a binding letter of agreement for a Business Combination through a proposed all share transaction. Prophecy will issue 0.5 common shares and 0.1 warrants for each common share of Northern Platinum held. Each whole warrant will entitle the holder to acquire one additional common share of Prophecy at an exercise price of $0.80 that will expire 18 months following the Transaction closing date. Prophecy Resource Corp
shares V.PCY are trading down $0.01 at $0.61.
