Brief: Pele Mountain says entered into shares-for-debt settlement agreement with certain creditors

First Canadian Graphite

24/02/2016 21:30

Feb 24 (Reuters) - Pele Mountain Resources Inc  GEM.V : 
 * Announces proposed shares for debt settlement 
 * Pele will issue 2.8 million common shares, at $0.05 per common share, to 
   satisfy total debts of $139,250.05 
 * Has entered into a shares-for-debt settlement agreement with certain 
   creditors 
 
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