VANCOUVER, BC / ACCESSWIRE / May 21, 2015 / Electra Stone Ltd. (TSX Venture: ELT)(FSE: A14NCM ) (“Electra”) is pleased to announce that the Company has arranged for a non-brokered private placement (the “Private Placement”) of 40,000,000 units (the “Units”) at a subscription price of $0.05 per Unit to an individual subscriber for gross proceeds of up to $2,000,000. This private placement will result in a change of control of Electra and will require shareholder approval prior to its completion.

Each Unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will be exercisable into one additional common share (the “Warrant Share”) of the Company at $0.10 per Warrant Share for a period of two years from closing of the Private Placement.

The common shares issued or issuable pursuant to the Private Placement will be restricted from trading for a four month hold period in accordance with applicable securities laws and policies of the TSX Venture Exchange (the “Exchange”). Completion of the Private Placement is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange and approval by the shareholders of the Company.

Finders fees are payable in connection with the private placement of 8% in units. The units are comprised of one common share and one-half of a share purchase warrant exercisable at $0.10 per share for a period of two years from closing.

The net proceeds of the Private Placement will be used to advance the Company’s operations and for general and corporate purposes.

About Electra Stone

Electra Stone Ltd. (the “Company”) (formerly Electra Gold Ltd.) is a mining company, specializing in the development of and exploration for industrial minerals and dimensional stone. The Company is in the process of mining the Apple Bay mineral properties located on Vancouver Island near Port Hardy, British Columbia. The mineral claims are located on crown land within the traditional territory of Quatsino First Nation Band. The Company has also recently entered into the dimensional stone sector with a current focus on Nephrite Jade exploration in British Columbia. The Company currently trades on the TSX Venture Exchange under the symbol ELT.

For further information 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.

SOURCE: Electra Stone Ltd. 

ReleaseID: 429163

TORONTO, ON / ACCESSWIRE / May 21, 2015 / QMX GOLD CORPORATION (TSXV:QMX)(“QMX Gold” or the “Company“) has successfully renegotiated the terms of the loan facility held by Third Eye Capital (“TEC”) to address the balance outstanding following the sale of the Snow Lake Project to a subsidiary of Hudbay Minerals.

In order to satisfy the debt obligation, QMX Gold and TEC have agreed upon a payment schedule whereby the Company will make certain payments to TEC totalling approximately C$1.52 million by August 7, 2015. Upon completion of those payments, the obligations of the Company under its Note Purchase Agreement with TEC will be satisfied in full and TEC will provide a release of all security.

Brett New, President and CEO of QMX Gold, commented: “I’m very pleased that Third Eye and QMX Gold were able to come to a mutually satisfactory agreement to finalize the repayment of the loan facility which needed to be addressed in order for QMX Gold to move forward and focus on its Quebec assets and operations.”

About QMX

QMX Gold Corporation is a Canadian mining company traded on the TSX-V under the symbol “QMX”. The Company is focusing on mine development and exploration in Quebec and is actively looking for other mining projects for acquisition in the Val d’Or area.

Contact Information:

Brett New, Louis Baribeau, Rob Hopkins,
President and CEO Public Relations Investor Relations
Tel: (416) 861-5904 Tel: (514) 667-2304 Tel: (416) 861-5899

Toll free: +1 877-717-3027
Email: info@qmxgold.ca
Website: www.qmxgold.ca

Cautionary Note Regarding Forward-Looking Information and Mineral Resources:

This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements (express or implied) relating to the ability of the Corporation to make scheduled payments, the future development of the assets of QMX Gold, and the future financial or operating performance of QMX Gold. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the disclosure documents of the Company filed under the Company’s profile on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. It should also be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: QMX Gold Corporation 

ReleaseID: 429159

TORONTO, ON / ACCESSWIRE / Le 21 MAI 2015 / QMX Gold Corporation (Bourse de croissance TSX: QMX) (<<QMX Gold>> ou la <<Societe>>) a renegocie avec succes les termes de la facilite de pret detenue par Third Eye Capital (<< TEC >>) pour regler le solde de la dette, suite a la vente du projet Snow Lake a une filiale de Hudbay Minerals Inc.(“Hudbay“).

De facon a convenir aux obligations de la dette, QMX Gold et TEC se sont entendues sur une sequence de

remboursements par laquelle la compagnie effectuera certains paiements a TEC totalisant approximativement 1,52 million $CAN d’ici le 7 aout 2015. Apres avoir termine ces versements, les obligations de la compagnie, conformement aux modalites de sa convention d’achat de billets avec TEC, seront completement reglees et, TEC fournira la liberation de toute garantie.

Brett New, president et chef de la direction, commente, << Je suis tres heureux que Third Eye et QMX Gold en soient venus a une entente mutuellement satisfaisante quant au reglement complet du solde de la dette qui se devait d’etre execute, de facon a permettre a QMX d’aller de l’avant et de concentrer ses efforts sur les actifs Quebecois ainsi que sur ses operations.

A propos de QMX

QMX Gold Corporation est une societe miniere canadienne cotee a la Bourse de croissance TSX sous le symbole <<QMX>>. La societe se concentre sur le developpement minier ainsi que l’exploration au Quebec et est activement a la recherche d’autres projets miniers pour acquisition dans la region de Val-d’Or.

Coordonnees :

Brett New, Louis Baribeau, Rob Hopkins,
President et chef de la direction Relationniste Relations avec les
Tel. : (416) 861-5904 Tel. : (514) 667-2304 investisseurs
Tel. : (416) 861-5899

Sans frais : +1 877-717-3027
Courriel : info@qmxgold.ca
Site Web : www.qmxgold.ca

Mise en garde concernant les informations prospectives et les ressources minerales :

Le present communique comprend ou peut etre considere comme comportant des << informations prospectives >> au sens des lois canadiennes applicables sur les valeurs mobilieres. Les informations prospectives comprennent notamment, sans s’y limiter, des enonces (explicites ou implicites) relativement a l’execution de l’entente d’abstention, la reception des approbations necessaires, la reussite de la mise en oeuvre des plans de developpement pour toutes les proprietes de la Societe et/ou le rendement financier ou d’exploitation futur de QMX, ses proprietes et/ou ses projets. De facon generale, les informations prospectives peuvent etre identifiees par l’emploi de terminologie prospective comme << planifie >>, << prevoit >> ou << ne prevoit pas >>, << est attendu >>, << budget >>, << echeancier >>, << estimations >>, << previsions >>, << entend >>, << anticipe >> ou << n’anticipe pas >>, << est d’avis >> ou des variations de ces termes et expressions, ou des formulations qui suggerent que certaines actions, evenements ou resultats << pourraient >> ou << devraient >> se produire, << seront entreprises >>, << se produiront >> ou << seront atteints >>. Les informations prospectives sous-tendent des risques connus et inconnus, des incertitudes et d’autres facteurs qui pourraient faire en sorte que les resultats reels, le niveau d’activite, le rendement ou les realisations de la Societe, ses proprietes et/ou ses projets soient sensiblement differents de ceux exprimes ou suggeres par de telles informations prospectives, incluant sans s’y limiter, les risques decrits dans la notice annuelle de la Societe, laquelle est disponible sous le profil de la Societe sur SEDAR. Bien que la Societe ait tente d’identifier les facteurs importants qui pourraient faire en sorte que les resultats reels different sensiblement des resultats presentes dans les informations prospectives, il pourrait y avoir d’autres facteurs qui auraient pour effet que les resultats ne soient pas tels qu’anticipes, estimes ou prevus. Rien ne garantit que ces informations s’avereront exactes, et il s’ensuit que les resultats reels et les evenements futurs pourraient differer sensiblement de ceux anticipes dans de tels enonces. Par consequent, le lecteur ne devrait pas se fier indument aux informations prospectives. La Societe n’assume aucune obligation d’actualiser les informations prospectives, sauf si requis par les lois applicables sur les valeurs mobilieres. Par ailleurs, il est a noter que la viabilite economique de ressources minerales qui ne sont pas des reserves minerales n’a pas ete demontree.

La Bourse de croissance TSX et son fournisseur de services de reglementation n’assument aucune responsabilite quant a la pertinence ou a l’exactitude du present communique de presse.

SOURCE: QMX Gold Corporation 

ReleaseID: 429158