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.