News

VANCOUVER, BRITISH COLUMBIA - Electra Stone Ltd. (“Electra” or the “Company”) (TSX.V: ELT) (FSE: 44E1) announces that the previously announced Letter of Intent (“LOI”) with D&P Advisors dated June 9, 2016 which included a supply agreement and contemplated joint venture with Electra’s wholly owned subsidiary Vancouver Jade (HK) Ltd., has been cancelled effective immediately.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to announce that further to its press release dated June 9, 2016, it has completed the second and final tranche closing of its non-brokered private placement (the “Offering”). The Company will be issuing an additional 2,220,000 common shares at a price of $0.085 per common shares for gross proceeds of $188,700.

The total number of shares issued under the Offering was 6,552,882 for gross proceeds of $556,997.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) announced today the closing of the first tranche of the non-brokered private placement financing announced on May 19, 2016 (the “Offering”). Tranche one of the Offering consisted of the sale of 4,332,882 shares at $0.085 for gross proceeds of $368,295. All securities issued pursuant to Offering are subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from the date of closing of the Private Placement.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) announced today that it has signed a Letter of Intent (“LOI”) with D&P Advisors of Kuala Lumpur (“DP”), West Malaysia in order to form a Joint Venture company that will market and sell jade products through a direct sales strategy and a global online management platform. Under the terms of the proposed Joint Venture, Electra Stone will be the exclusive provider of jade, and other precious stones and or minerals.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or the (“Company”) is pleased to announce it has commenced the drilling of approximately 30 shallow percussion drill holes ranging from 14 to 40 meters at the Company’s PEM 100 quarry on Holberg Inlet, Vancouver Island.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or (“the Company”) is pleased to announce that the Company has entered into a distribution arrangement with “Silk Road Commodities Exchange” (”Silk Road”) a jade and cultural products company with producing nephrite jade assets in China. Under the terms of the arrangement Silk Road will market and distribute Jade products from their “Culture Assets and Equity Exchange”, an online platform that facilitates the purchase and secondary trade of cultural Chinese assets including: jade, jewelry, stamps and art.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) has completed its share for debt settlement with various creditors as previously announced on April 8, 2016. The Company has issued 834,660 common shares (the “Common Shares”) at a deemed price of $0.095 per Common Share and has extinguished $79,292.72 in debt owed to the creditors. As a result, the Company currently has 65,931,991 common shares issued and outstanding.

The Common Shares are subject to a statutory hold period of four months and one day which expires on August 21, 2015.

About Electra Stone

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) has entered into a Shares for Debt Agreement (the “Settlement Agreement”) with certain creditors whereby Electra will issue common shares of the company at a deemed price of $0.095 per share in full and final settlement of the amounts owing. Pursuant to the Settlement Agreement, $79,293 in debt will be settled by issue of a total of 834,660 shares of Electra.

Issuance of the shares will not result in a change of control of the Company.