TORONTO, ONTARIO — (Marketwired) — 12/02/14 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that the Mayor and Council of the City of Elliot Lake have unanimously approved the issuance of a for Pele–s recently announced initiative to recycle high-grade rare earth bearing monazite in Elliot Lake, Ontario.Elliot Lake Mayor Dan Marchisella stated, "The City of Elliot Lake welcomes and supports Pele–s plans for
TORONTO, ONTARIO — (Marketwired) — 11/07/14 — 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 E
TORONTO, ONTARIO — (Marketwired) — 10/07/14 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced an expansion of its business model to include recycling of high-grade rare earth bearing monazite, in Elliot Lake."We firmly believe that Canada can be a global leader in the sustainable production of critical rare earths. Key to realizing that vision is establishing a relatively low cost, early-to-market rare earth su
TORONTO, ONTARIO — (Marketwired) — 09/25/14 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") is pleased to announce the appointment of Martin S. Cooper to the position of Vice-President of Aboriginal Affairs.Mr. Cooper is a Professional Archaeologist with over 30 years of experience in the area of Aboriginal Cultural Heritage and Engagement. He is a Partner and Senior Archaeologist with Archaeological Services Inc., one of the lar
TORONTO, ONTARIO — (Marketwired) — 10/04/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced that it has granted 500,000 incentive stock options to one individual director who also serves as the Chairman of the Audit Committee.The options are exercisable at $0.10 per share and expire on October 4, 2016.The exercise price of the options granted is 100% above the closing price of Pele-s common shares on the TSX Venture Exc
TORONTO, ONTARIO — (Marketwired) — 10/03/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") comprised of 2,000,000 units (the "Units") at a price of $0.05 each for aggregate gross proceeds of $100,000 and 1,000,000 flow-through units (the "FT Units") at a purchase price of $0.07 per FT Unit for aggr
TORONTO, ONTARIO — (Marketwired) — 09/12/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") today announced the results of an updated economic review of its Eco Ridge Mine Rare Earth and Uranium Project ("Eco Ridge") in Elliot Lake, Ontario, prepared by Roscoe Postle Associates Inc. ("RPA").The economic review, which is a sensitivity analysis on (the "PEA"), evaluates the impact of the recent incre
TORONTO, ONTARIO — (Marketwired) — 07/26/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") is pleased to announce that it has closed the final tranche of a non-brokered private placement offering (the "Offering") with one additional investor comprised of 500,000 flow- through units (the "FT Units") at a purchase price of $0.07 per FT Unit for aggregate gross proceeds of $35,000. Each FT Unit consists of one
TORONTO, ONTARIO — (Marketwired) — 07/04/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") is pleased to announce that it has closed the second tranche of a non-brokered private placement offering (the "Offering") comprised of 507,143 flow-through units (the "FT Units") at a purchase price of $0.07 per FT Unit for aggregate gross proceeds of $35,500 and 1,200,000 units (the "Units") at a price of $
TORONTO, ONTARIO — (Marketwired) — 06/24/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCWX: GOLDF) ("Pele" or the "Company") is pleased to announce that it has closed the first tranche of a non-brokered private placement offering (the "Offering") comprised of 6,905,809 flow-through units (the "FT Units") at a purchase price of $0.07 per FT Unit for aggregate gross proceeds of $483,407 and 40,000 units (the "Units") at a price of $0.
