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.
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