TORONTO, ONTARIO--(Marketwired - Feb 24, 2016) -
Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") is pleased to announce that it has entered into a shares-for-debt settlement agreement with certain creditors. Upon approval of requisite filings, Pele will issue 2,785,001 common shares, at a deemed price of $0.05 per common share, to satisfy total debts of $139,250.05. The
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