New Issue: Victory Nickel, Prophecy conclude C$3.81 million reciprocal share sales

By Devika Patel

Knoxville, Tenn., May 28 - Prophecy Resource Corp. and Victory Nickel Inc. said they completed reciprocal private placements of stock. The companies each raised C$3.81 million.

Prophecy sold 7 million common shares at C$0.544 apiece. Victory Nickel sold 36,615,385 shares at C$0.104 apiece.

Victory Nickel is a Toronto-based nickel company. Prophecy is a base and precious metal explorer based in Vancouver, B.C.

Issuer:	Prophecy Resource Corp.
Issue:	Common shares
Amount:	C$3,808,000
Shares:	7 million
Price:	C$0.544
Warrants:	No
Investor:	Victory Nickel Inc.
Settlement date:	May 28
Stock symbol:	TSX Venture: PCY
Stock price:	C$0.62 at close May 28
Market capitalization:	C$33.4 million
Issuer:	Victory Nickel Inc.
Issue:	Common shares
Amount:	C$3,808,000
Shares:	36,615,385
Price:	C$0.104
Warrants:	No
Investor:	Prophecy Resource Corp.
Settlement date:	May 28
Stock symbol:	Toronto: NI
Stock price:	C$0.11 at close May 28
Market capitalization:	C$37.2 million

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