6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of November 2019

Commission File Number 000-55985

PROPHECY DEVELOPMENT CORP.

(Translation of registrant’s name into English)

Suite 1610 – 409 Granville Street

Vancouver, British Columbia, Canada V6C 1T2

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F

Form 20-F      ☒ Form 40-F
☐ 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐              

Note:  Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):    ☐            

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PROPHECY DEVELOPMENT CORP.
Date: November 5, 2019	By:	/s/ Rocio Echegaray
		Rocio Echegaray
		Corporate Secretary

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INDEX TO EXHIBITS

Exhibit	Description
99.1	News release dated November 5, 2019

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EX-99.1

  Exhibit 99.1

Prophecy Development Appoints Joaquin Merino-Marquez as VP South American Operation

Vancouver, British Columbia, November 5, 2019 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce the appointment of Joaquin Merino-Marquez as Company’s Vice President, South American Operation, based in Bolivia effective November 1, 2019.

Joaquin is a Professional Geologist with 27 years of experience in the mining industry. Prior industry affiliations include roles as Vice President, Exploration for Primero Mining Corp. and Vice President Exploration for Apogee Minerals Ltd.

Prior to Apogee, Mr. Merino-Marquez was the exploration manager for Placer Dome at the Porgera Mine and a mine geologist at Hecla Mining's La Camorra mine. Joaquin is a native Spanish speaker and fluent in English. He holds a MSc from Queens University, and a BSc in Geology from University of Seville (Spain). He is a member of the Association of Professional Geoscientists of Ontario.

Michael Doolin, Prophecy’s CEO stated: “Joaquin’s immense knowledge of the Pulacayo mine will accelerate Prophecy’s effort in expanding Pulacayo resource and mine development. Joaquin in his recent Pulacayo visit, was still recognized, and well-liked by the local community which makes him a pleasure to work with and an excellent addition to our Prophecy team.”

From 2006 to 2010, Mr. Merino-Marquez lived in Bolivia and led Apogee’s 85,000-meter drill campaign at Pulacayo and Paca silver projects. The drill campaign was a success and defined over 90 million oz of silver resources according to independent, third-party estimates (which are now considered historic in nature and should not be relied up on as they are no longer NI43-101 compliant).

In 2015, Prophecy purchased Apogee’s Bolivian subsidiaries which have explored Pulacayo and Paca since 2005. In October 2019, the Bolivian government granted Prophecy’s Bolivian subsidiaries the 100% exclusive rights to develop and mine at the Pulacayo and Paca concessions for up to 30 years.

The Company further announces that pursuant to the terms of the Company’s Share-Based Compensation Plan, it has granted in aggregate, 1,680,000 incentive stock options (the “Options“), to certain directors, officers, employees and consultants of the Company. The Options are exercisable at a price of $0.44 per share and vest at 12.5% per quarter for the first two years following the date of grant. The Company also announces that it has issued 104,951 shares at a deemed price of $0.41 per share, in satisfaction of $43,030 of indebtedness currently owed by the Company to some Directors of the Company.

About Prophecy

Prophecy is developing Pulacayo silver project in Bolivia and Gibellini vanadium project in Nevada. Further information on Prophecy can be found at www.prophecydev.com.

PROPHECY DEVELOPMENT CORP.

ON BEHALF OF THE BOARD

“Michael Doolin”

CEO

For more information about Prophecy, please contact Investor Relations:

+1.604.569.3661 ext. 101

ir@prophecydev.com

www.prophecydev.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Prophecy’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.

These factors should be considered carefully, and readers should not place undue reliance on the Prophecy’s forward-looking statements. Prophecy believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Prophecy has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Prophecy undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.