Arianne Phosphate Appoints Geneviève Ayotte as Chief Financial Officer DAN: TSX-V ( Canada ) JE9N: Fse ( Germany ) Drrsf: OTC ( USA )
ARIANNE PHOSPHATE APPOINTS
GENEVIÈVE AYOTTE AS CHIEF FINANCIAL
OFFICER
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTC (
USA
)
SAGUENAY, QC
,
Oct. 3, 2022
/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 Geneviève Ayotte, will be joining the Company as its Chief Financial
Officer (CFO) replacing Pier-Élise Hébert-
Tremblay
.
Ms. Ayotte is a member of the Certified Professional Accountants of
Quebec
and graduated from
HEC Montréal with a Bachelor's in Business Management and a D.E.S.S. in public accounting
(2008). Outside of Ms. Ayotte's accounting profession, she also serves as President of Women in
Mining –
Montreal
. Since 2008, Ms. Ayotte developed extensive mining knowledge, specifically in
public accounting at PricewaterhouseCoopers LLP (PwC). Among the many mining clients, she
worked with, Ms. Ayotte had been an important member of the team working on the Arianne account
from 2016 to 2021 serving, most recently, as audit director. "Geneviève is an experienced
professional with an intimate knowledge of Arianne," said
Dominique Bouchard
, Executive Chairman
of Arianne Phosphate. "She will be an asset as we continue our discussions with potential partners
to participate in bringing the Lac à Paul project into production."
"Arianne would like to thank Pier-Élise for her many years of dedicated service, most recently as our
CFO. We wish her success in her new endeavors," said
Jeffrey Beck
, CEO of Arianne Phosphate.
In conjunction with Mrs. Ayotte joining the Company, Arianne announces a grant of 200,000 stock
options. Each Option entitles the holder to purchase one common share of the Company until
September 30, 2032
at a price of
$0.395
per share, this being the closing price of the Company's
shares on the trading day preceding the date of the grant. The Options are subject to a vesting
period and are also subject to regulatory approval.
Qualified
Person
Raphael Gaudreault
, eng., Qualified Person by NI 43-101, has approved this release. Mr.
Gaudreault 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
190,187,348 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/October2022/03/c0268.html
%SEDAR: 00003556E
For further information:
Source: Raphael Gaudreault, C.O.O., Tel. : 418-549-7316,
[email protected]; Info: Brian Ostroff, President, Tel. : 514-908-4202,
CO: Arianne Phosphate Inc.
CNW 07:30e 03-OCT-22