VANCOUVER, British Columbia, December 31, 2021 – Prophecy Potash Corp. (the “Company”) (CSE: NUGT) is pleased to announce that, pursuant to a directors’ resolution, it will change its name from “Prophecy Potash Corp.” to “Alpha Copper Corp.” (the “Name Change”). The Company expects the Name Change and a change of its ticker symbol to occur on January 4, 2022. The common shares of the Company will continue to trade on the Canadian Securities Exchange under its new trading symbol, ALCU, commencing at market open on January 4, 2022. The Company’s new CUSIP is 02074D108 and its new ISIN is CA02074D1087.
Completion of the Name Change is subject to the receipt of all required regulatory approvals. Pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the Company, shareholder approval for the Name Change is not required, and consequently, the Company is not seeking shareholder approval for the Name Change. Shareholders of the Company are not required to exchange their existing share certificates for new certificates bearing the Company’s new name. The Name Change does not affect the Company’s share structure or the rights of the Company’s shareholders, and no further action is required by existing shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS
Neither CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward‐looking statements”. Forward‐looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.