VANCOUVER, BRITISH COLUMBIA - Electra Stone Ltd. ("Electra" or the "Company") (TSX.V: ELT) (FSE: 44E1) is pleased to announce confirmation of its first shipment of British Columbia ("BC") Nephrite Jade to the People's Republic of China as part of the Company's strategy of providing a vertically integrated solution connecting BC Jade mining directly to end buyers in China
Electra has shipped an initial 18 tonnes of raw Nephrite Jade from the Port of Tsawwassen to the Port of Shanghai. Management of Electra will travel to Shanghai to receive the arriving Jade as part of a reception with end buyers including Jade carvers, manufacturers and resellers. Shanghai and the nearby region of Yangzhou are the largest importers of BC Nephrite Jade and understand the historical and spiritual significance of Nephrite Jade as the "Emperor's Stone".
"British Columbia and China share many common interests, we are honoured to bring BC's Nephrite Jade directly to the Chinese market and Shanghai is the first of many important regional markets for Electra. The similar geological environment in BC provides the conditions to produce the same Nephrite Jade in BC as the Jade that has be sought after by the people of China for thousands of years", states John Costigan, President and CEO of Electra Stone.
About Electra Stone
Electra Stone Ltd. is building the world's first 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. 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 Electra Stone or BC Jade 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 the private placement will be approved; the private placement will close and that changes will occur to the board of directors. 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 agree with the investor on final documents, the investor may not provide the funding and the private placement may not obtain TSXV approval. 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.