Arianne expands the role of two directors - Dominique Bouchard moves to Executive Vice Chairman DAN: TSX-V (Canada) JE9N: FSE (Germany) DRRSF: OTC (USA)
Arianne expands the role of two directors - Dominique Bouchard moves to
Executive Vice Chairman
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Oct. 3, 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 phosphate rock project in Quebec's Saguenay-Lac-Saint-Jean region, is
pleased to announce the expanded roles of two of the Company's directors.
Mr. Dominique Bouchard already directors of Arianne will become Executive Vice Chairman and work
closely with Arianne's COO and Chicoutimi based tea m, taking an active role in many of the day to day
activities and assisting with the regional, provincial and national efforts underway. Mr. Bouchard, a long-
time veteran of Alcan and Rio Tinto, served most recently as President of Rio Tinto Quebec Iron &
Titanium until May of 2013. Mr. Bouchard's activities were based in the Saguenay region, as well as i n
Montreal and in North America. He resides in the Saguenay region where Rio Tinto remains one of the
largest local employer. "I believe I have a lot to add and look forward to assisting the Arianne team in
every way possible," said Mr. Bouchard. "My past positions and experience have allowed me to work
with many of the same organizations and stakeholders that Arianne is currently dealing with as it
advances its Lac à Paul project through to developm ent."
Mr. Siva Pillay will also be taking a more active role, working closely with Arianne's CEO, CFO and
advisors in securing project financing. Mr. Pillay is a board member and currently chairs Arianne's
audit/finance committee. Mr. Pillay is the Managing Director of Ocean Partners (OP), a global off-taking
and commodity trading company and who's past experience in structured project finance and commodity
trade finance will bring added depth to Arianne as it looks to conclude on its financing package. "Having
been part of many project finance deals and off-tak e agreements, I look forward to my more active role in
the process," said Mr. Pillay. "Many of my current day-to-day OP activities involve discussions
surrounding project finance and off-take with the very parties that Arianne is now in discussions with and,
to that end, I believe this should be very synergistic."
Both Messrs. Bouchard and Pillay are expected to see their roles increase immediately and will be
integrated into Arianne's current management team. "Arianne has been fortunate to have a board that
has been involved and supportive of its efforts," s aid Brian Ostroff, CEO of Arianne Phosphate. "The
Company is at a very important stage and having a greater involvement from Dominique and Siva, with
their specific experience and network, will be of enormous help towards the advancement of our Lac a
Paul project."
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 a n exercise price of $1.25 per Common Share until
October 15, 2017. Arianne has elected to extend the expiry date of the Warrants to October 15, 2018. No
other Warrant terms are amended. Arianne will deliver a notice of extension to the registered holders of
the Warrants.
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 100,530, 580 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
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 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.
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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
CO: Arianne Phosphate Inc.
CNW 07:00e 03-OCT-17