Arianne Closes $2,306 Million Financing DAN: TSX-V (Canada) JE9N: FSE (Germany) DRRSF: OTC (USA) Proceeds will be used to advance strategic initiatives underway
Arianne Closes $2,306 Million Financing
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
Proceeds will be used to advance strategic initiatives underway
SAGUENAY, QC, Aug. 22, 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 announced today that it
has closed on a $2,306,000 financing. Under the terms of the financing, Arianne has issued 2,882,500
units at a price of $0.80 per unit. Each unit is comprised of one common share and a half warrant. Each
full warrant entitles the holder to purchase one common share at a price of $1.25 until August 22, 2020. If
at any time after four (4) months and one (1) day following the closing date, the trading price of the
Company's common shares on the TSX Venture Exchange (the "Exchange") is equal to or exceeds $1.60
for a period of ten (10) consecutive trading days, as evidenced by the price at the close of market, the
Company shall be entitled to notify each warrant holder of its intention to force the exercise of the
warrants. Upon receipt of such notice, the warrant holders shall have 30 days to exercise the warrants,
failing which they will automatically expire.
"Although the fertilizer sector has been very challenging for a considerable period of time, the last year
has seen a considerable pick up in transactions and interest in the space," said Brian Ostroff, CEO of
Arianne Phosphate. "These transactions coupled with recent supply disruptions out of Western Sahara
and environmental concerns in Europe have increased the awareness of, and interest in, Arianne's Lac à
Paul project. Our belief is that the improving macro conditions coupled with Arianne's significant progress
will help bring the project to fruition and unlock the significant value associated with it. Over the last few
months we have announced several agreements and initiatives and, these funds will allow us to
accelerate our activities in this regard."
In conjunction with this financing, Arianne has paid finder fees of $184,480 and issued 230,600 non-
transferable warrants exercisable at a price of $0.80 per share until August 22, 2020. The securities
issued in connection with the financing are subject to a regulatory hold period of four (4) months and one
(1) day expiring on December 23, 2017. The financing remains subject to the final approval of the
Exchange.
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. The Company has 100,530,580 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, including the completion of any proposed business
venture or combination 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.
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http://www.newswire.ca/en/releases/archive/August2017/22/c3663.html
%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
CO: Arianne Phosphate Inc.
CNW 16:15e 22-AUG-17