Pele Mountain 1:10 share rollback

Discovering and developing the mineral wealth of Northern Ontario

Pele Mountain Resources is focused on the sustainable development of a rare earth processing center in Elliot Lake, Ontario, at the same location as its Eco Ridge Mine Rare Earth and Uranium Project.

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Pele Mountain 1:10 share rollback

posted on Jul 23, 2017 02:04PM

2017-07-21 19:24 ET - Rollback

Pursuant to a special resolution passed by shareholders on March 9, 2017, the company has consolidated its capital on a one-new-for-10-old basis. The name of the company has not been changed.

Effective at the opening, Monday, July 24, 2017, the common shares of Pele Mountain Resources Inc. will remain halted on the TSX Venture Exchange on a consolidated basis. The company is classified as a mining (non-oil-and-gas) exploration/development company.

Postconsolidation

Capitalization: unlimited shares with no par value, of which 20,999,693 shares are issued and outstanding

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