RE: RE: Interesting that Victory Nickel ...Pandora, that bit is about PCY not Victory, so that is why it wouldn't mention Victory's stake.
With 400million shares out Victory will not move until PCY really starts cooking.
Here is the news from back in May
MAY 28, 2010 - 18:50 ET
Victory Nickel and Prophecy Complete Reciprocal Private PlacementsTORONTO, ONTARIO--(Marketwire - May 28, 2010) - Victory Nickel Inc. (the "Company" or "Victory Nickel") (TSX:NI) (
www.victorynickel.ca)and Prophecy Resource Corp. ("Prophecy") (TSXVENTURE:PCY)(OTCBB:PCYRF)(FRANKFURT:1P2) have completed the reciprocalprivate placements announced on May 13, 2010.
Prophecy subscribed for 36,615,385 common shares in Victory Nickelat a price of
.104 per common share for gross proceeds of $3,808,000.In turn, Victory Nickel subscribed for 7,000,000 Prophecy common sharesat a price of
.544 per common share for gross proceeds of $3,808,000.This transaction resulted in Victory Nickel owning a 9.9% interest inProphecy and Prophecy acquiring a 9.8% interest in Victory Nickel.