Arianne Phosphate announces MOU agreement with ABB to act as a key technical supplier to the Lac à Paul project DAN: TSX-V (Canada) JE9N: FSE (Germany) DRRSF: OTC (USA) -Collaboration on Financing Discussions Part of the Agreement
Arianne Phosphate announces MOU agreement with ABB to act as a key
technical supplier to the Lac à Paul project
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
-Collaboration on Financing Discussions Part of the Agreement
SAGUENAY, QC, March 2, 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" ) agreement with ABB Inc. to provide engineering,
procurement and support services for integrated electrification and automated mining solutions.
"Over the last few months, Arianne has been working closely with potential suppliers for key aspects of
the project to provide the necessary technical, engineering, procurement and construction services
required in developing the Lac à Paul project," said Jean-Sebastien David, Arianne's COO. "By choosing
to work directly with the various service providers on specific aspects of the project, it allows us to retain
full control over the course and cost of developmen t and, have our selected partners help us to continue
to optimize the functionality and economics of our project. The agreement with ABB fits directly into this
plan as they are a global leader in power and autom ation technologies for the mining industry."
Aside from scope of work and scheduling, this agreement also looks to address the financial necessities
of funding this major work package. As part of this agreement, ABB has committed to assist Arianne wit h
possible financing strategies and has already introduced the Lac à Paul project to the Swiss Export Cr edit
Agency ("ECA") SERV. "The work involved in this contract represents a significant portion of our
projected CapEx," said Brian Ostroff, CEO of Arianne Phosphate. "We have said that our partners must
have both the technical capabilities and financial network to assist in our development. In ABB we have
found that partner. Already world-renowned as a global leader in electrical design and products, ABB h as
also been very helpful in looking for workable financial solutions."
"After many months of hard work and collaboration, ABB is excited to have partnered with Arianne on th e
Lac à Paul project," said Mr. Remy Lanoue, vice-president Industrial Automation North America at ABB.
"We believe that Arianne's choice of ABB is recognition of our strong capabilities in process control
systems and production management software. As a le ading supplier of electrification and automation
systems to the global mining industry, we believe our involvement in this project is important and we are
looking forward to using our considerable expertise to get Lac à Paul delivered on time and on budget. "
About ABB
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and
motion, industrial automation and power grids, serving customers in utilities, industry and transport &
infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the
future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB oper ates in
more than 100 countries with about 132,000 employee s. www.abb.com
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
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; Medias: Joëlle Brodie, Tel. : 418-549-7316, [email protected]
CO: Arianne Phosphate Inc.
CNW 07:30e 02-MAR-17