February 2, 2017 / 7:05 PM / in 10 months

BRIEF-Pele Mountain forms subsidiary for energy projects, proposes corporate restructuring

Feb 2 (Reuters) - Pele Mountain Resources Inc

* Pele Mountain forms subsidiary for energy projects, proposes corporate restructuring and name change

* Pele Mountain Resources - formation of unit, Sage Power Corporation to advance its energy generation and storage projects in northern Ontario

* Pele Mountain Resources Inc - management is recommending up to 1 for 10 share consolidation Source text for Eikon: Further company coverage:

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