News

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) 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”) is pleased to announce that the Company has entered into a Letter of intent (“LOI”) arrangement with LYG Anlan Company Ltd. (”LYG”) an established jade and construction material manufacturer and distributor in China. Under the terms of the letter of intent LYG will design and manufacture jade and other semi-finished products for Electra that will be marketed and sold through LYG’s consumer network and new channels developed by Electra. This arrangement, if completed, would represent a milestone for Electra.