Pele Mountain Resources Inc
* Pele mountain provides business update
* Provided business update on co’s capital restructuring,
its decision to proceed with non-binding LOI announced on June 1
* Engaged with significant creditors regarding capital
restructuring, potential ‘equity for debt’ conversion; got
supportive responses
* Expects to enter definitive agreement with Enirgi Group,
provide further disclosure on or about July 31, 2017
Source text for Eikon:
Further company coverage:
Read the full article at: https://www.reuters.com/article/brief-pele-mountain-provides-business-up-idUSASA09W2W