Exhibit 99.1
BC FORM 51-102F3
MATERIAL CHANGE REPORT
UNDER SUBSECTION 7.1(1) OF NATIONAL INSTRUMENT 51-102
ITEM 1.
NAME AND ADDRESS OF COMPANY
Prophecy Development Corp.
Suite 1610 – 409 Granville Street
Vancouver, BC V6C 1T2
ITEM 2.
DATE OF MATERIAL CHANGE
November 1, 2018
ITEM 3.
NEWS RELEASE
The news release dated November 1, 2018 was disseminated through Stockwatch News and filed on SEDAR on November 1, 2018.
ITEM 4.
SUMMARY OF MATERIAL CHANGE
Prophecy Development Corp. announced that it has entered into an agreement with BMO Capital Markets (“BMO”), under which BMO has agreed to buy on a bought deal basis 12,000,000 common shares of the Company (the “Common Shares”), at a price of $0.46 per Common Share for gross proceeds of approximately $5.5 million (the “Offering”). The Offering is expected to close on or about November 22, 2018.
ITEM 5.
FULL DESCRIPTION OF MATERIAL CHANGE
Please see the news release dated November 1, 2018, which is available for review under the Company’s SEDAR profile at www.SEDAR.com.
ITEM 6.
RELIANCE ON SUBSECTION 7.1(2) OR 7.1(3) OF NATIONAL INSTRUMENT 51-102
Not applicable.
ITEM 7.
OMITTED INFORMATION
None.
ITEM 8.
SENIOR OFFICER
Contact: Tony Wong, Corporate Secretary
Telephone: (604) 569-3661
Email: twong@prophecydev.com
ITEM 9.
DATE OF REPORT
November 1, 2018