Prophecy Development Corp. (TSX:PCY) entered into a definitive agreement to acquire Titan vanadium-titanium-iron project in Ontario, Canada from Randsburg International Gold Corp. (TSXV:RGZ.H) for CAD 0.08 million on January 25, 2017. Under the agreement, Prophecy Development Corp. will issue 0.02 million common shares, which will be subject to a 4-month hold period. Closing of this transaction will be subject to the approval of the Toronto Stock Exchange.