Feb 2 (Reuters) - Pele Mountain Resources Inc GEM.V
* Pele Mountain forms subsidiary for energy projects, proposes corporate restructuring and name change
* Pele Mountain Resources - formation of unit, Sage Power Corporation to advance its energy generation and storage projects in northern Ontario
* Pele Mountain Resources Inc - management is recommending up to 1 for 10 share consolidation Source text for Eikon: ID:nMKWV4Y9Fa Further company coverage: GEM.V