Prophecy Coal pays off Waterton loan with asset sale
Prophecy Coal Corp (TSX:PCY) has paid off the secured loan it received last year from Waterton Global Value LP, which is managed by Canadian mining-focused private equity firm Waterton Global Resource Management. This was achieved by the company's sale of shares in Prophecy Platinum Corp to unidentified private buyers. The Vancouver-based Prophecy Coal is engaged in developing energy projects in Mongolia.
8 November 2013•4 mins read
