Electra Stone Ships Second Container of 18 Tonnes of BC Nephrite Jade to China
VANCOUVER, BRITISH COLUMBIA - Electra Stone Ltd. (“Electra” or the “Company”) (TSX.V: ELT) (FSE: 44E1) is pleased to announce confirmation of its second shipment of British Columbia (“BC”) Nephrite Jade to the People’s Republic of China (“PRC”). In total, Electra has now shipped approximately 36 tonnes of BC Nephrite Jade to the PRC, and recorded their first sale of 1.8 tonnes that was announced in a company press release dated November 19th, 2015.
“We are encouraged by initial sales and feedback from potential buyers and believe we can further capitalize on the demand for BC Nephrite Jade in China. This shipment is part of our ongoing strategy of bringing the product directly to the buyers. We will continue to market and expand our customer base and market intelligence within the commercial jade buying community and begin to market the investment opportunity Electra represents to the Chinese investment community as a publicly traded company,” states John Costigan, President and CEO of Electra Stone.
Concurrently, Electra is pleased to confirm participation in the GCFF Investment Conference in Shenzhen, China at the Shangri ‘La Shenzhen on December 3 & 4 as well as one on one meetings with interested investors. The GCFF Investment Conference is hosted by NAI Interactive, a Vancouver based company with offices in Hong Kong and Shanghai. Electra participated in the GCFF Investment Conference in Markham, Ontario on September 26th 2015.
There are two distinct types of jade. Nephrite Jade that is found in British Columbia Canada, and other countries, and Jadeite that is primarily found in Myanmar. Nephrite jade tends to be larger boulders that are sought after for ornamental purposes, while Jadeite is mostly used for jewellery. For more information, on Nephrite Jade, its important standing in the Chinese culture as the “Emperor’s Stone” and why BC is a leading supplier to China, please visit www.electrastone.com
About Electra Stone
Electra Stone Ltd. is building a vertically integrated Nephrite Jade mining & marketing company. Electra is focused on international market growth and trade of Nephrite Jade from British Columbia into Asian markets with a specific focus on China.
On behalf of the Board of Directors
President and Director
This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “proposed”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward looking statements in the news release included but are not limited to that we will export jade to China. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, which include that we may not be able to source jade, we may not be able to get permits to export it to China and the market for jade may be weak or prices may be too low to profitably carry out the business. Even if we do export jade to China, there is no guarantee that we can do so profitably. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at http://www.sedar.com.