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Electra Stone sets up West Coast Jade subsidiary

Electra Stone Ltd. said Oct. 4 that it established a wholly-owned subsidiary, dubbed West Coast Jade Inc.

The new unit aims to pursue marketing opportunities for British Columbia jade and jade products in North American and Asian markets.

“All jade products sold by Electra will be marketed under the brand name Vancouver Jade, a name that resonates with our Asian customer base,” Electra President and CEO John Costigan said in the statement.

Electra, as previously announced, entered an agreement to purchase up to 540,000 kilograms of carving- and industrial-grade jade from Quartz Creek Developments Ltd.