Prophecy Coal Extends Loan Agreement With Waterton
Vancouver-based Prophecy Coal Corp. (TSX:PCY) recently extended its 2012 loan agreement with Waterton Global Value LP, which is managed by Canadian mining-focused private equity firm Waterton Global Resource Management. The company has agreed to a partial pay down of the principal loan amount from $10 million to $6.5 million and to extend the maturity date from July 16, 2013 to Oct. 31, 2013. Prophecy is engaged in developing energy projects in Mongolia.
2 August 2013•7 mins read
