Arianne Phosphate Announces Election Results of its 2018 Annual General Meeting - Board of Directors Reelected DAN: TSX-V (Canada) JE9N: FSE (Germany) DRRSF: OTC (USA)
Arianne Phosphate Announces Election Results of its 2018 Annual General
Meeting - Board of Directors Reelected
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, July 12, 2018 /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 that Arianne
shareholders have reelected Messrs. Dominique Bouchard, Brian Ostroff, James Cowley, David
DeBiasio, Marco Gagnon, Siva Pillay and Steven Pinney as directors of the Company during the Annual
General Meeting of Shareholders of the Company held on July 10, 2018 in Montreal.
"Interest in the project has definitely picked up," said Brian Ostroff, CEO of Arianne. "For five years,
fertilizer prices had been in a fairly steady decline which resulted in a more subdued environment from
which to attract potential partners despite, the continued advancement of our Lac à Paul project. Since
the beginning of the year however, it seems to be a different story. Phosphate prices have increased
more than 20% and the industry seems to have been caught a little flat-footed. The pace of our
discussions with potential partners, offtakers and financiers has accelerated with this uptick and we look
to capitalize on this change in sentiment to conclude our financing package." Said Brian Ostroff, CEO of
Arianne.
As well, subject to regulatory approval, Arianne will be extending the term of 2,815,500 common share
purchase warrants ("Warrants") issued as part of a private placement which closed on July 31, 2014 for
gross proceeds of $5,631,000. 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 $1.25
per Common Share until July 31, 2018. Arianne has elected to extend the expiry date of the Warrants to
July 31, 2019. No other Warrant terms will be 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 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 103,570,610 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 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/July2018/12/c7360.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 09:24e 12-JUL-18