Bhang Inc. announces today that, in connection with the business combination between the Corporation and Bhang Corporation, a privately-held Nevada corporation, previously announced in the Corporation's press releases dated June 19, 2018 and November 9, 2018, the Corporation has filed Articles of Amendment effective May 24, 2019, changing its name [...]
Pele Mountain Resources Inc. announces that, further to its November 9, 2018 announcement regarding the business combination pursuant to which, among other things, Pele will complete a reverse take-over of Bhang Corporation, a privately-held Nevada corporation, Bhang Canada Inc., a special purpose vehicle, completed a private placement financing of [...]
Pele Mountain Resources Inc. has announced that, further to its previously announced non-binding letter of intent dated June 19, 2018, as amended, it has entered into a definitive agreement with Bhang Corporation , a privately-held Nevada corporation, to acquire a 100% interest in Bhang via a business combination transaction . The Company also [...]
Pele Mountain Resources Inc. today announced that it has entered into a non-binding letter of intent with Bhang Corporation to acquire a 100% interest in Bhang via a business combination transaction that would constitute a reverse take-over and change of control of Pele. The final structure of the Transaction will be determined by Bhang and Pele to [...]
Pele Mountain Resources Inc. has signed a sustainable energy development agreement with the City of Elliot Lake. Under terms of the Agreement, Pele is appointed, on an exclusive basis, to be the developer of energy and energy storage projects on City lands until May 1, 2020. The Agreement essentially provides a two-year extension of the previous [...]
Pele Mountain Resources Inc. is pleased to announce that further to its press releases dated December 8, 2017, and December 29, 2017, that today it closed in escrow the second and final tranche of its previously announced debt settlement. Pursuant to the second tranche escrow closing, the Corporation settled $335,246 in debt through the issuance of [...]
Pele Mountain Resources Inc. is pleased to announce that further to its press release dated December 8, 2017, that it has closed certain of the previously announced debt settlements with its creditors, including Creditors who are related parties of the Corporation, providing for the settlement of approximately $878,211 of its outstanding debts [...]
Pele Mountain Resources Inc. announces that further to its press release dated November 24, 2017, it has entered into agreements with certain creditors, including Creditors who are related parties of the Corporation, providing for the settlement of approximately $1,213,457 of its outstanding debts. Pursuant to the Debt Settlement, approximately [...]
Pele Mountain Resources Inc. today announced that it has received written notification from Enirgi Group Corporation that, after a strategic review of Enirgi’s business plan by its newly appointed board of directors, Enirgi has elected to terminate its non-binding letter of intent with Pele previously announced on June 1, 2017, and updated on [...]
Pele Mountain Resources Inc. announced today that further to its press release dated July 5, 2017, the Company has completed a share consolidation of the Company's issued and outstanding common shares on the basis of ten (10) pre-consolidation shares to one (1) post-consolidation share. Shareholder authorization to effect the Consolidation was [...]
Pele Mountain Resources Inc. today provided a business update on the Company's capital restructuring and its decision to proceed with the non-binding letter of intent announced on June 1, 2017. Pele has engaged with all of its significant creditors regarding the capital restructuring and a potential 'equity for debt' conversion (the "Shares for [...]
TORONTO, ONTARIO--(Marketwired - Jun 1, 2017) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") today announced the signing of a non-binding letter of intent ("LOI") with Enirgi Group Corporation ("Enirgi Group"), changes to its management team, and the sale of its Eco Ridge project. Pele has entered into a non-binding LOI [...]
