Vancouver, British Columbia, November 8, 2011 - Prophecy Platinum Corp (TSXV:NKL) (OTCQX:PNIKF) has produced a new corporate video, which is available for viewing on InvestmestPitch.com in both English (http://www.investmentpitch.com/media/1082/Prophecy_Platinum_Corp._TSXV:_NKL/) and Mandarin (http://www.investmentpitch.com/media/1083/Prophecy_Platinum_Corp._TSXV:_NKL_-_Mandarin/) versions. If these links are not enabled, please visit www.InvestmentPitch.com (http://www.investmentpitch.com/) and enter "Prophecy Platinum" in the search box.
Prophecy Platinum Corp is a mineral exploration company focused on developing platinum group metals (PGM) and nickel sulphide projects. Defining and driving the company, is its flagship Wellgreen PGM Nickel property in Canada's Yukon Territory. Prophecy's further holdings include the Lynn Lake Nickel Copper project in Manitoba, the Las Aguilas Nickel PGM deposit in Argentina, as well as five prospective claims in Uruguay.
In June 2011, Prophecy Platinum was spun off from Prophecy Coal (TSX: PCY). Prophecy Coal currently owns 22.5 million shares (approximately 45%) of Prophecy Platinum.
The company recently arranged a non-brokered private placement of 3,000,000 shares at a price of $2.70 per share to raise aggregate gross proceeds of $8,100,000. Company insider Sprott Asset Management LP, on behalf of various funds and managed accounts, has committed up subscribe for up to 25% of this financing.
Jay Taylor, publisher of J Taylor's Gold, Energy & Tech Stocks newsletter, recently gave the company a speculative buy recommendation, and a target price of $5.55. Taylor believes that the Wellgreen project appears to hold the potential to become one of the most outstanding platinum group metals projects in the world.
Prophecy Platinum currently trades at $3.16, and with 51 million shares outstanding, is capitalized at $161 million.
For a more information on Prophecy Platinum, visit their website www.prophecyplat.com (http://www.prophecyplat.com/), phone Asif Visram at 800-358-5865 or email avisram@prophecyplat.com (mailto:avisram@prophecyplat.com). .
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