Arianne Phosphate Concludes an Agreement with the ''CMAX'' DAN: TSX-V ( Canada ) JE9N: FSE ( Germany ) DRRSF: OTC ( USA )
Arianne Phosphate Concludes an Agreement
with the ''CMAX''
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTC (
USA
)
- AN AGREEMENT THAT WILL MAXIMIZE ECONOMIC IMPACT ON THE SAGUENAY LAC ST-
JEAN REGION
SAGUENAY, QC,
Oct. 4
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, is pleased
to announce its association with the Saguenay Lac St-Jean Regional Economic Benefits
Maximization Committee (CMAX). Referring to 02 Economic Development (02 ED); CMAX is a tool
that was put in place to maximize the benefits of large projects. Arianne will benefit from the regional
expertise of this group and have access to the expertise of some 2000 Saguenay Lac St-Jean
companies.
"This agreement will allow us to work in close collaboration with all regional stakeholders to build and
operate our mine at Lac à Paul'' said Jean-Sébastien David, Arianne Phosphate's COO. "As a
company created in Saguenay by local people, we are proud to work with local talent," concluded
Mr. David.
"We are pleased to formalize this agreement with Arianne Phosphate Inc. We are confident that we
will get the maximum benefits of this project for the region," says the chairman of the CMAX
management committee and prefect of the ''MRC de Lac-Saint-Jean-Est'', Mr. André Paradis.
Arianne announces a 430 000 stock options grant to members of the Board of Directors. Each
Option entitles the holder to purchase one common share of the Company until
October 03, 2028
at
a price of
$0.58
per share, this being the closing price of the Company's shares on the trading day
preceding the date of grant. The Options are subject to a three years vesting period under the Plan
and the Policy, and are also subject to regulatory approval.
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 an exercise price of
$1.25
per Common Share until
October 15, 2018
. Arianne has elected to extend the expiry date of the
Warrants to
October 15, 2019
. No other Warrant terms are amended. Arianne will deliver a notice of
extension to the registered holders of the Warrants.
Jean-Sébastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David
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
105,803,943 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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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 07:30e 04-OCT-18