Electra Completes Jade Sale in China
VANCOUVER, BRITISH COLUMBIA - Electra Stone Ltd. (“Electra” or the “Company”) (TSX.V: ELT) (FSE: 44E1) Is pleased to announce it has sold its first 1.8 tonnes of nephrite jade to three private buyers in the People’s Republic of China (“PRC”). This sale marks an important milestone in the Company’s strategy of establishing an international trading platform for nephrite jade between Canada and Asia. With an efficient trading platform, export/import and warehousing facility, Electra has proven that value of jade from British Columbia is increased when directly marketed and sold to the customer in China.
“We are establishing a presence in Asia, while providing an efficient, secure structure for the transport, storage and sale of nephrite jade from Canada into China”, states John Costigan
The Company continues its marketing program in China while expanding its network of jade buyers and distributors increasing brand awareness and potential sales.
About Electra Stone
Electra Stone Ltd. is building a vertically integrated public Nephrite Jade mining, trading & marketing company. Electra is focused on international market growth and trade of Nephrite Jade from British Columbia into Asian markets with a specific focus on China. Electra also continues to operate its Apple Bay aluminum-silica quarry on Vancouver Island, which has been in continuous operation since 2003.
About BC Jade
British Columbia is the world’s largest producer and exporter of nephrite Jade. Occurrences of Nephrite in BC consist of glacially deposited boulder fields, talus blocks and in situ lenses. Interest in BC jade has increased over the past several years resulting in a dramatic increase of both price and demand.
For further information or interests on BC Jade or Electra Stone please contact Tyler Lowes at firstname.lastname@example.org or call 604-681-1568.
On behalf of the Board of Directors
President and Director
This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “proposed”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward looking statements in the news release included but are not limited to that we will export jade to China. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, which include that we may not be able to source jade, we may not be able to get permits to export it to China and the market for jade may be weak or prices may be too low to profitably carry out the business. Even if we do export jade to China, there is no guarantee that we can do so profitably. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at http://www.sedar.com.