Brief: Pele mountain provides business update on co's capital restructuring

First Canadian Graphite

05/07/2017 19:56

July 5 (Reuters) - Pele Mountain Resources Inc  GEM.V  
    * 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:  urn:newsml:reuters.com:*:nMKWRX9gXa 
Further company coverage:  GEM.V  
 
 ((Bangalore.newsroom@thomsonreuters.com;))