News

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce that the Company has amended its joint venture agreement with Quartz Creek Developments Ltd. (“QCD”) announced November 17th 2016. Electra will supply raw jade and QCD will manufacture, market and sell finished jade products, profits will be split 50/50. 

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to announce that the Company’s  joint venture, Vancouver Jade Mining Corp. (“Vancouver Jade”) has entered into an exclusive sales and distribution Agreement with Pure Natural Stone of Verona, Italy (the “Agent”).

Under the terms of this 3 year, $2,100,000 USD sales agreement the Agent will have the exclusive right to promote, market and sell all Vancouver Jade products throughout Europe.

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:

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. In addition, they offer a management team with an extensive history in environmental project development, community relations and technical operations.

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.