News

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.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce that the Company has entered into an arrangement for the purchase of up to 540,000 kilograms of carving and industrial grade jade from Quartz Creek Developments Ltd. “QCD”, contingent on certain rock quality characteristics being met by QCD as required by Electra.

Vancouver, British Columbia - Electra Stone Ltd. (“Electra” or the “Company”) (TSX.V: ELT) is pleased to announce the appointment of Yiu (Lucy) Zhang MBA, CPA, CGA as the Chief Financial Officer.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or the (“Company”) wishes to announce the granting of incentive stock options to certain directors, officers and employees to purchase up to 1,150,000 common shares under the Company’s Incentive Stock Option Plan. The options will be granted for a period of five (5) years, commencing on July 12, 2016, exercisable at a price of $0.05 per share.

VANCOUVER, BRITISH COLUMBIA - Electra Stone Ltd. (“Electra” or the “Company”) (TSX.V: ELT) (FSE: 44E1) is pleased to announce the appointment Neil Froc (P.eng) as Exploration and Land Acquisition Manager.

Neil is a professional engineer with 25 years of project management experience.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra” or the “Company”) is pleased to announce results of the vote by shareholders at its annual and special meeting held on June 29, 2016 in Vancouver, British Columbia, Canada.

A total of 25,677,801 Common Shares were represented at the Meeting, representing approximately 35.5% of the outstanding shares.