Pele Mountain Resources Announces Closing of $5.9 Million Subscription Receipt Financing by Bhang Canada Inc.

 In News, Press Releases, Uncategorized

TORONTOFeb. 12, 2019 /CNW/ – Pele Mountain Resources Inc. (TSXV: GEM) (“Pele” or the “Company”) announces that, further to its November 9, 2018 announcement regarding the business combination pursuant to which, among other things, Pele will complete a reverse take-over of Bhang Corporation (“Bhang“), a privately-held Nevada corporation (the “RTO Transaction“), Bhang Canada Inc. (“BCI“), a special purpose vehicle, completed a private placement financing of subscription receipts (the “Subscription Receipts“) for gross proceeds of $5,905,010.50 (the “Offering“)…..READ MORE

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