DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Aug. 10,
2021 /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 that it has
engaged Lytham Partners ("Lytham") to provide investor relations
services to the Company. With more than two decades of experience
and operations in New York,
Los Angeles and Phoenix, Lytham has become one of the leading
US-based investor relations firms providing corporate access to
institutional investors by way of both, in-person and virtual 1 on
1 meetings, webcast presentations and, through their proprietary
investor conferences.
"The time is right to expand our investor outreach program,"
said Brian Ostroff, President of
Arianne Phosphate. "With the dramatic improvement over the
last year in the agricultural commodities, including phosphate
fertilizers, Arianne has seen a growing interest amongst investors
as they look to participate in this emerging bull market. Our
recently closed over-subscribed financing had strong institutional
involvement and working with Lytham Partners will allow us to
expand the awareness of our world-class phosphate asset."
The engagement of Lytham Partners will allow Arianne to continue
its outreach program that had commenced in the first quarter of
2021, having appointed Red Cloud Financial Services (for a minimum
period of 6 months at CDN $10,000/month) and GRA Enterprises (for a minimum
period of 6 months for $US 30,000 and
100,000 options with an exercise price of $0.27; the market price when appointed, good for
a period of one year). Lytham Partners will receive a monthly fee
of $6,500 US on a month-to-month
basis.
Also Arianne wishes to announce, subject to regulatory approval,
the extension on the term of 628,228 common share purchase warrants
("Warrants") issued as part of a private placement which closed on
August 21, 2019 for gross proceeds of
$691,050. Each of the Warrants, which
were part of the units being issued, entitles its holder to
purchase one common share of Arianne (a "Common Share") at an
exercise price of $0.75 per Common
Share until August 21, 2021. Arianne
has elected to extend the expiry date of the Warrants to
August 21, 2024. No other Warrant
terms are amended.
Qualified Person
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 185,389,469
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 and the use of net proceeds from the
Offering. 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.
