News

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.

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.