Frontier Securities raised approximately usd1 million in less than 30 days for Prophecy Resources Corporation’s Private Placement
ULAANBAATAR, September 23, 2010 – Frontier Securities raised approximately usd1 million dollars in less than 30 days for Prophecy Resource Corporation Private Placement, the firm announced today.  
"From the time Mongolia opened up to foreign investment, we have been dedicated to both local and international companies for growth of Mongolia," said Masa Igata, CEO of Frontier Securities. "We have always been committed to Mongolia, but timely funding for Mongolia’s mining boom is more crucial now than ever before."
"Frontier has good reputation in the Mongolian financial community for working determinedly with a wide variety of companies on innovative projects," said John Lee, Chairman of Prophecy Resources Corporation. He further explained why the Prophecy worked with Frontier: "Frontier bent over backwards to help us get the financing. They were extremely responsive and did everything necessary to close the private placement within 30 days."
About Frontier Securities
Frontier Securities based in Ulaanbaatar, Mongolia is a Mongolia’s pioneer boutique investment bank working to provide clients with best of both worlds: investment bank with on-the-ground presence and expertise in frontier markets with full cross border service capabilities and international financial markets experience/know-how with particular strengths in Asian financial markets of Hong Kong, Tokyo and Singapore. Information about the firm is available at www.frontier.mn .
About Prophecy Resource