Arianne announces MOU agreement with Constructions Proco Inc. to act as a key technical supplier to the Lac à Paul project DAN: TSX-V (Canada) JE9N: FSE (Germany) DRRSF: OTC (USA)
Arianne announces MOU agreement with Constructions Proco Inc. to act as a key
technical supplier to the Lac à Paul project
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Feb. 16 , 2017 /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
the signing of a memorandum of understanding (''MOU '') with Constructions Proco Inc. ("Proco"). The
agreement will cover structural and architectural engineering, steel fabrication and construction of the mill
process and utilities buildings and, on-site stock pile storage.
"Our Lac à Paul project stands to greatly benefit from Proco's experience, a company from the Saguenay-
Lac-Saint-Jean region. This selection fits into Arianne's commitment to advance the project towards
development while maximizing the local economic ben efits," said Jean-Sébastien David, Arianne's Chief
Operating Officer. "Over the past many months, Arianne has been working with potential suppliers for k ey
aspects of the project to provide the necessary technical, engineering and construction services requi red
to develop the Lac à Paul project. The agreement with Proco fits directly into this plan as they are a
recognized leader in Canada for the construction of major industrial and mining facilities."
"We acknowledge that many projects faced undue chal lenges as a result of not having fully addressed
the important aspects before the beginning of construction," noted Brian Ostroff, CEO of Arianne. "Our
last few months have been all about answering the q uestions and moving the project from shovel-ready
to shovel-ready with cost and scheduling certainty. This has allowed us to work with specialists in various
aspects of the project and put together a very comp rehensive plan. We believe that this strategy is not
lost on potential partners and financiers."
"We are pleased to have concluded an agreement with Arianne on the Lac à Paul project, a major global
phosphate development" said Jean-Denis Toupin, Gene ral Manager, Proco. "We look forward to
providing a "One Source" approach for the design, fabrication and construction of a complete structural
and architectural package for the mill process building. After a considerable review of the project and its
needs, we believe our expertise in modular structural design will aid in the successful delivery of the
project on time and on budget."
About Constructions Proco Inc.
Constructions Proco Inc. operates in the industrial, commercial construction, bridges and steel structures.
The company counts itself as one of North America's leader in these industries.
About Arianne Phosphate
Arianne Phosphate ("Arianne Phosphate Inc.") ( www.arianne-inc.com ) is developing the Lac à Paul
phosphate deposits located approximately 200 km nor th of the Saguenay/Lac St. Jean area of Quebec,
Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P 2O5 with
little or no contaminants. The Company has 97,648,0 80 million shares outstanding.
Neither TSX Venture Exchange nor its Regulation Ser vices 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
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Flickr: http://www.flickr.com/photos/arianneresources
Resource Investing News: http://resourceinvestingnews.com/?s=Arianne
Cautionary Statements Regarding Forward Looking Inf ormation
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", "cou ld",
"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 po wer 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 risk s
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 ris ks
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 activiti es 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 acc ordance 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 wil l 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.
To view this news release in HTML formatting, please use the following URL:
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%SEDAR: 00003556E
For further information: Source: Jean-Sébastien David, C.O.O., Tel. : 418-549-7316,
[email protected]; Info: Brian Ostroff, C.E.O., Tel. : 514-908-4202, brian.ostroff@arianne-
inc.com; Medias: Joëlle Brodie, Tel. : 418-549-7316, [email protected]
CO: Arianne Phosphate Inc.
CNW 07:30e 16-FEB-17