News

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to announce that the Company has entered into a purchase contract agreement securing 250 metric tonnes of commercial grade British Columbia Nephrite Jade. Under the terms of the contract, Electra will first inspect and approve the jade followed by an initial $50,000 CDN deposit to secure the Jade for purchase until June 1, 2016.

Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) is pleased to announce that is has arranged for a non-brokered private placement (the “Private Placement”) of approximately 6,000,000 units (the “Units”) at a subscription price of $0.083 per Unit for gross proceeds of up to $500,000.

Each Unit will consist of one common share and one share purchase warrant.Each warrant will be exercisable into one additional common share (the “Warrant Share”) of the Company at $0.20 per Warrant Share for a period of two years from closing of the Private Placement.

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.

VANCOUVER, BRITISH COLUMBIA - Electra Stone Ltd. (“Electra” or the “Company”) (TSX.V: ELT) (FSE: 44E1) is pleased to announce the completion of their preliminary prospecting program for Nephrite Jade in the Liard Mining Division, Northern British Colombia.