July 5 (Reuters) - Pele Mountain Resources Inc GEM.V
* Pele mountain provides business update
* Provided business update on co's capital restructuring, its decision to proceed with non-binding LOI announced on June 1
* Engaged with significant creditors regarding capital restructuring, potential 'equity for debt' conversion; got supportive responses
* Expects to enter definitive agreement with Enirgi Group, provide further disclosure on or about July 31, 2017 Source text for Eikon: Further company coverage: GEM.V