Arianne Appoints Lytham Partners for Investor Relation Activities DAN: TSX-V ( Canada ) JE9N: FSE ( Germany ) DRRSF: OTC ( USA )
Arianne Appoints Lytham Partners for Investor
Relation Activities
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% P
2
O
5
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.
View original content:
http://www.newswire.ca/en/releases/archive/August2021/10/c4619.html
%SEDAR: 00003556E
For further information:
Contact Information: Source: Jean-Sébastien David, C.O.O., Tel. : 418-
549-7316, [email protected]; Info: Brian Ostroff, President, Tel. : 514-908-4202,
CO: Arianne Phosphate Inc.
CNW 07:30e 10-AUG-21