July 5, 2017 / 7:33 PM / 5 months ago

BRIEF-Pele mountain provides business update on co's capital restructuring

July 5 (Reuters) - Pele Mountain Resources Inc

* 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: Further company coverage:

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