Arianne Phosphate Appoints Michael Gentile, Cfa as a Strategic Advisor to the Company DAN: TSX-V ( Canada ) JE9N: Fse ( Germany ) Drrsf: OTC ( USA )
ARIANNE PHOSPHATE APPOINTS MICHAEL
GENTILE, CFA AS A STRATEGIC ADVISOR TO
THE COMPANY
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTC (
USA
)
SAGUENAY, QC
,
June 9, 2022
/CNW/ -
Arianne Phosphate (the "Company" or "Arianne")
(TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage phosphate mining
company, advancing its Lac à Paul project in
Quebec's
Saguenay-Lac-Saint-Jean region, is pleased
to announce that it has appointed Mr.
Michael Gentile
as a strategic advisor to the Company. Mr.
Gentile's role will be to advise the Board on matters regarding capital markets and its discussions
with potential financial partners and investors. Mr. Gentile has also purchased 4 million shares of
Arianne Phosphate in the open market and secured an option, from a private investor, allowing him
to purchase an additional 2 million shares at
$0.75
for a period of 18 months.
Mr. Gentile is considered one of the leading strategic investors in the small and medium cap mining
sector, owning significant positions in over 15 mining companies. Mr. Gentile is currently a strategic
adviser to Arizona Metals and Geomega Resources as well as being a director of Northern Superior
Resources, Roscan Gold, Radisson Mining Resources and Solstice Gold. Mr. Gentile recently co-
founded Bastion Asset Management, an investment management firm based out of
Montreal, Que.
,
and was previously a senior portfolio manager with Formula Growth Ltd.
"I have known Michael and am excited to have him aboard," said
Brian Ostroff
, President of
Arianne. "Michael comes to the Company at an important time for us as, the phosphate macro has
greatly improved over the last 12 months. With fertilizer and food security becoming a major
concern and, advancements in phosphate in specialty applications such as the LFP battery, interest
in Arianne's Lac à Paul project has never been stronger. I believe Michael's involvement will allow us
to better capitalize on the environment we are seeing."
"I have watched Arianne closely over the years," said
Michael Gentile
. "The Company
has persevered through tough times and managed to advance the asset to shovel ready status in the
Tier 1 location of Quebec. The recent unfortunate events in
Russia
and
Ukraine
have shone a
spotlight on the need for secure supply of essential commodities such as Phosphate. With the very
strong move in phosphate concentrate prices from $140t to
$240
/t over the last 12 months, and so
few advanced opportunities in the sector, the value of Arianne has never been higher in my opinion
and is truly is an opportunity worth pursuing. Due to the niche nature of the Phosphate market
investors are likely less aware of the major value creation potential at Arianne. Through my network
and experience in this sector, I believe I can help the Company close that awareness gap in the
market."
In conjunction with Mr. Gentile's appointment, the Company will issue 200,000 options. These
Options entitle the holder to purchase one common share of the Company until
June 8, 2024
at a
price of
$0.53
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.
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
189,969,848 shares outstanding.
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.
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 be 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 approval, 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/June2022/09/c6030.html
%SEDAR: 00003556E
For further information:
Source: Raphael Gaudreault, COO, Tel. : 418-590-1318,
[email protected]; Info: Brian Ostroff, President, Tel. : 514-908-4202,
CO: Arianne Phosphate Inc.
CNW 10:13e 09-JUN-22