November 4th, 2015
VANCOUVER, BRITISH COLUMBIA - Electra Stone Ltd. ('Electra' or the 'Company') (TSX.V: ELT) (FSE: 44E1) announces that it will open offices in Hong Kong, China to support sales, marketing and administration of raw nephrite jade from British Columbia to the People's Republic of China ('PRC'). The newly incorporated Hong Kong Corporation, will be a wholly owned subsidiary of Electra Stone Ltd. under the name 'Vancouver Jade Holdings (HK) Ltd.', as part of the Company's overseas expansion plans.
'Hong Kong is the first part of our international expansion plans to deliver a fully integrated solution connecting the jade mining in BC with end buyers in Asia. Vancouver Jade Holdings (HK) Ltd. will serve as our international trading platform for the export of raw nephrite jade stones from British Columbia to China. In our longer-term plans, Hong Kong will serve as our international trading platform for finished jade products from China to the international market, ' states John Costigan, President and CEO of Electra Stone Corp.
About Electra Stone
Electra Stone Ltd. 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 or interests on BC Jade or Electra Stone please contact Tyler Lowes at [email protected] or call 604-681-1568.
On behalf of the Board of Directors
'John Costigan'
President and Director
Forward-Looking Statements:
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.