Prophecy Platinum Completes Ursa Major Minerals Acquisition

  • Thursday, July 19, 2012
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  • Keywords:Platinum
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[Ferro-Alloys.com] Prophecy Platinum Corp. said Tuesday that it has officially acquired the Nickel and copper producer Ursa Major Minerals。
 
It said that the deal was completed Monday, July 16. Before being delisted, Ursa’s last trading day on the TSX is July 18.
 
The merger, which was first announced on March 1, will create a mid-tier resource company with a pipeline of Platinum and Nickel projects including the Shakespeare Nickel-copper mine near Sudbury, and the Wellgreen project, in Yukon Territory and Manitoba’s Lynn Lake.
 
Manitoba's Lynn Lake Nickel-copper project has over 262 million pounds of Nickel and 138 million pounds of copper in the measured and indicated categories.
 
Prophecy Platinum is a Canadian Nickel and Platinum group metals exploration explorer with projects in Canada, Argentina and Uruguay. In Canada, it holds the Lynn Lake project in Manitoba, as well as Wellgreen.

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