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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 30, 2011) - Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) 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. |
