DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
- AN AGREEMENT THAT WILL MAXIMIZE ECONOMIC IMPACT
ON THE SAGUENAY LAC ST-JEAN REGION
SAGUENAY, QC, Oct. 4 2018 /CNW
Telbec/ - Arianne Phosphate (the "Company" or "Arianne")
(TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage
phosphate mining company, advancing the Lac à Paul project in
Quebec's Saguenay-Lac-Saint-Jean
region, is pleased to announce its association with the Saguenay
Lac St-Jean Regional Economic Benefits Maximization Committee
(CMAX). Referring to 02 Economic Development (02 ED); CMAX is a
tool that was put in place to maximize the benefits of large
projects. Arianne will benefit from the regional expertise of this
group and have access to the expertise of some 2000 Saguenay Lac
St-Jean companies.
"This agreement will allow us to work in close collaboration
with all regional stakeholders to build and operate our mine at Lac
à Paul'' said Jean-Sébastien David, Arianne Phosphate's COO. "As a
company created in Saguenay by local people, we are proud to work
with local talent," concluded Mr. David.
"We are pleased to formalize this agreement with Arianne
Phosphate Inc. We are confident that we will get the maximum
benefits of this project for the region," says the chairman of the
CMAX management committee and prefect of the ''MRC de
Lac-Saint-Jean-Est'', Mr. André Paradis.
Arianne announces a 430 000 stock options grant to members
of the Board of Directors. Each Option entitles the holder to
purchase one common share of the Company until October 03, 2028 at a price of $0.58 per share, this being the closing price of
the Company's shares on the trading day preceding the date of
grant. The Options are subject to a three years vesting period
under the Plan and the Policy, and are also subject to regulatory
approval.
Also, subject to regulatory approval, Arianne will extend the
term of 1,184,500 common share purchase warrants ("Warrants")
issued as part of a private placement which closed on October 16, 2014 for gross proceeds of
$2,369,000. Each of the Warrants,
which were part of the units being issued, entitles its holder to
purchase one common share of Arianne at an exercise price of
$1.25 per Common Share until
October 15, 2018. Arianne has elected
to extend the expiry date of the Warrants to October 15, 2019. No other Warrant terms are
amended. Arianne will deliver a notice of extension to the
registered holders of the Warrants.
Jean-Sébastien David, P.Geo., Qualified Person by NI 43-101, has
approved this release. Mr. David is also the Company's Chief
Operating Officer.
About Arianne Phosphate
Arianne Phosphate ("Arianne
Phosphate Inc.") (www.arianne-inc.com) is developing the Lac à Paul
phosphate deposits located approximately 200 km north of the
Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high
quality igneous apatite concentrate grading 39%
P2O5 with little or no contaminants
(Feasibility Study released in 2013). The Company has 105,803,943
million shares outstanding.
Neither 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 release.
Follow Arianne
on:
Facebook: https://www.facebook.com/ariannephosphate
Twitter: http://twitter.com/arianne_dan
YouTube: http://www.youtube.com/user/ArianneResources
Flickr: http://www.flickr.com/photos/arianneresources
Resource Investing
News: http://resourceinvestingnews.com/?s=Arianne
Cautionary Statements Regarding Forward Looking
Information
This news release contains "forward-looking statements"
and "forward-looking information" within the meaning of applicable
securities regulations in Canada
and the United States
(collectively, "forward-looking information"). Forward-looking
information includes, but is not limited to, anticipated quality
and production of the apatite concentrate at the Lac à Paul
project. Often, but not always, forward-looking information can be
identified by the use of words such as "plans", "expects, "is
expected", "budget", "scheduled", "estimates", forecasts",
"intends", "anticipates", or "believes", or the negatives thereof
or variations of such words and phrases or statements 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 to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to: volatile stock price;
risks related to changes in commodity prices; sources and cost of
power facilities; the estimation of initial and sustaining capital
requirements; the estimation of labour and operating costs; the
general global markets and economic conditions; the risk associated
with exploration, development and operations of mineral deposits;
the estimation of mineral reserves and resources; the risks
associated with uninsurable risks arising during the course of
exploration, development and production; risks associated with
currency fluctuations; environmental risks; competition faced in
securing experienced personnel; access to adequate infrastructure
to support mining, processing, development and exploration
activities; the risks associated with changes in the mining
regulatory regime governing the Company; completion of the
environmental assessment process; risks related to regulatory and
permitting delays; risks related to potential conflicts of
interest; the reliance on key personnel; financing, capitalization
and liquidity risks including the risk that the financing necessary
to fund continued exploration and development activities at Lac à
Paul project may not be available on satisfactory terms, or at all;
the risk of potential dilution through the issue of common shares;
the risk of litigation. Forward-looking information is based on
assumptions management believes to be reasonable at the time such
statements are made, including but not limited to, continued
exploration activities, no material adverse change in commodity
prices, exploration and development plans proceeding in accordance
with plans and such plans achieving their stated expected outcomes,
receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
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 forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Accordingly, readers should not place undue reliance
on forward-looking information. Forward-looking information is made
as of the date of this press release, and the Company does not
undertake to update such forward-looking information except in
accordance with applicable securities laws.
SOURCE Arianne Phosphate Inc.