Electra Stone Ltd. Enters into 250 Tonne Jade Purchase Contract
11.01.2016 | Accesswire
VANCOUVER, BC / ACCESSWIRE / January 11, 2016 / 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.The purchase of this Jade will be used by Electra to advance the company's objective and goals in both selling and marketing British Columbia Nephrite Jade in Mainland China to carvers and jade manufacturers.
"This jade purchase contract provides our current and future potential customers with the knowledge that a secure supply of jade is available through Electra, in a scale that accommodates larger possible commercial uses." States John Costigan, CEO and Director.
About Electra Stone
Electra Stone Ltd. is building a vertically integrated public Nephrite Jade mining, trading & 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. Electra also continues to operate its Apple Bay aluminum-silica quarry on Vancouver Island, which has been in continuous operation since 2003.
For further information and sales enquiries on Electra Stone Ltd. please visit www.electrastone.com or contact: Tyler Lowes 604-681-1568.
On behalf of the Board of Directors,
"John Costigan"
President and Director
Forward Looking Statement: This document contains forward-looking statements. Forward –looking statements in this news release include completion of a financing and use of proceeds. Forward information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Factors which may prevent the forward looking statements from coming to fruition include that we may not agree on terms with the investor and we may receive not regulatory or shareholder approval. Forward-looking information is provided as of the date hereof and is based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. We assume no responsibility to update, or revise them to reflect new events or circumstances, except as required by law. For a detailed list of risks and uncertainties as it relates to Electra Stone Ltd., please refer to the Company's 2014 Annual Financials filed with SEDAR.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.