|Bid||0.0200 x 0|
|Ask||0.0200 x 0|
|Day's Range||0.0400 - 0.0400|
|52 Week Range||0.0400 - 0.0400|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TORONTO , Feb. 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"). Under the Offering, BCI issued an aggregate of 11,810,021 Subscription Receipts at a price of $0.50 per Subscription Receipt for gross proceeds of $5,905,010.50 .
Toronto, Ontario--(Newsfile Corp. - November 9, 2018) - Pele Mountain Resources Inc. (TSXV: GEM) ("Pele" or the "Company") has announced that, further to its previously announced non-binding letter of intent dated June 19, 2018, as amended, it has entered into a definitive agreement (the "Definitive Agreement") with Bhang Corporation ("Bhang"), a privately-held Nevada corporation, to acquire a 100% interest in Bhang via a business combination transaction (the "Transaction"). The Company also announced ...
Pele Mountain Resources Inc (TSXV:GEM) is currently trading at a trailing P/E of 2x, which is lower than the industry average of 10.5x. While GEM might seem like an attractiveRead More...