Prophecy Signs MOU with Strategic Partner to Jointly Develop Chandgana Power Plant Project
Prophecy Coal Corp. (PCY.TO) has entered into a Memorandum of Understanding with one of the world's largest power generation groups with installed capacity of over 100 gigawatts and annual power generation of over 450,000 gigawatt hours to jointly develop the Company's Chandgana Power Plant project in Mongolia.
The Strategic Partner has completed preliminary due diligence on the Project, including a site visit, and held several months of discussions with Prophecy prior to signing the MOU.
More than 1.6 million shares have changed hands.
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