News

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to     announce that on March 1, 2017 it closed its purchase agreement (“the Agreement”) with the Linceo Media Group (“LMG”). Under the terms of the Agreement, the consideration received by Electra included:

 

  1. Cash payment of $50,000.00;
  2. 49,000 common shares in the capital of LMG (the “LMG Shares”); and
  3. Cash consideration of $117,894.23 to be used for the payment of debts owed by Electra.

 

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce that it has entered into a purchase agreement (“the Agreement”) with the Linceo Media Group (“LMG”) as it pertains to the ownership and operations of the PEM 100 “Apple Bay” Quarry on Vancouver Island (the “Project”). LMG is a Private Equity group based in Ontario, with experience building and operating industrial mineral facilities.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce that it has entered into an arrangement with the Shaolin Zenwu Cultural Centre (“Shaolin”) where by Electra has been selected as a primary supplier of BC nephrite jade for the construction of a new Shaolin temple in the lower mainland. Construction of the Shaolin temple is expected to begin in the second half of 2017.

 

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce that its Joint Venture, Vancouver Jade Mining Corp (“Vancouver Jade”) has commenced dimensional Jade manufacturing at the Company’s secured facility in Richmond, British Columbia.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra” or the “Company”) announces that it has closed its private placement of 9,135,000 units at $0.04 per unit for total gross proceeds of $365,400.  Each unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable into one additional common share at a price of $0.05 per share until January 3, 2018.

November 25, 2016 – Electra Stone Ltd. (TSXv: ELT) (FSE: 44E1) (“Electra” or the “Company”) announces that it proposes to raise up to $500,000 through a non-brokered private placement (the “Placement”) of up to 12,500,000 units (“Units”) at a price of $0.04 per Unit. This Placement is being made pursuant to the grant of a "discretionary waiver" of the TSX Venture Exchange's ("TSXV") minimum $0.05 pricing requirement (the "Waiver") and it is subject to acceptance by the TSXV.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce it has entered into a property purchase agreement with Quartz Creek Development Ltd to acquire a 100 percent interest in the JB 2016-003 “Infinity II” nephrite jade project (the “Property”).

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce the formation of a Joint Venture (“JV”) between West Coast Jade (a wholly owned subsidiary of Electra), Quartz Creek Development ltd and Dean Cloutier Luxury Designs (the “JV Partners”). West Coast Jade will change its name to “Vancouver Jade Mining Corp.” Electra Stone and Quartz Creek will each retain a 48.5% equity ownership and Dean Cloutier will own the remaining 3%.

The JV considers certain assets and contributions from each of the partners and combines the valued attributes of each into a vertically integrated platform. The end result will be a platform that provides low-cost, efficient quarrying, modern design and quality manufacturing for the high-end luxury market.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce the formation of its wholly-owned subsidiary West Coast Jade Inc. (“WCJ”). WCJ will pursue marketing opportunities for BC jade and BC jade products in North American and Asian markets. As announced by the Company on August 25, 2016, Electra has negotiated an agreement through which it will be able to purchase up to 540,000 kilograms of carving and industrial grade jade from Quartz Creek Developments Ltd.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce it has entered into an agreement with Mr.Dean Cloutier of DPC Luxury Design (“DPC”) to design, manufacture and market a line of modern luxury furniture incorporating BC Nephrite Jade supplied by Electra Stone.