Jade Art (PK) (USOTC:JADA)
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From Jul 2019 to Jul 2024
Jade Art Group Inc. (OTCBB: JADG), a seller and distributor of raw jade
sourced from the SheTai Jade mine in China, today announced that in
connection with its previously announced one-for-three reverse stock
split, NASDAQ has assigned the Company a new ticker symbol. Effective at
the open of business on May 15, 2008, the Company’s
shares will be trading on the OTC Bulletin Board under the new ticker
symbol JADA on a split-adjusted basis.
Previously, Jade Art Group traded under the ticker symbol JADG.
About Jade Art Group Inc.
Jade Art Group Inc., through its wholly owned subsidiary, Jiangxi SheTai
Jade Industrial Co., Ltd., sells and distributes raw jade throughout
China, ranging in uses from decorative construction material to high-end
jewelry sourced from the SheTai Jade mine. This mine’s
operating capacity is estimated to reach 40,000 tons and has been
operating for a number of years. It has one of the largest jade reserves
in China and is owned by XiKai Mining, with which Jade Art Group signed
an agreement to acquire exclusive distribution rights to sell 90% of the
SheTai Jade produced from the mine for the next 50 years. According to a
survey report issued by the Inner Mongolia Geological Institution, the
mine has proven and probable reserves of approximately 6 million tons,
or approximately $16 billion worth of jade at current market rates of
$2,750 per ton. Several national jade experts have noted the high
quality of SheTai Jade as compared to the other existing varieties of
Chinese jade.
For more information, please visit: www.jadeartgroupinc.com.