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TORONTO, ONTARIO--(Marketwired - Nov. 7, 2014) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") is pleased to announce that it has entered into shares-for-debt agreements with certain creditors. Upon approval of requisite filings, Pele will issue 3,680,922 common shares, at a deemed price of $0.05 per common share, to satisfy aggregate debts of $196,489.96. The shares-for debt transactions are subject to approval of the TSX Venture Exchange and the common shares will be subject to a four (4) month hold. |
