Arianne Phosphate Inc V.DAN

Alternate Symbol(s): DRRSF

Metals & Mining Industrial Metals & Minerals

Arianne Phosphate Inc. is a Canada-based development-stage phosphate mining company. The Company is engaged in the development of its Lac a Paul phosphate deposits located approximately 200 kilometers (km) north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits produce an igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company is specialized in the extraction of independent phosphate rock. The project is an undeveloped phosphate deposit globally. The Company’s phosphate is used in fertilizer production, preservatives, animal feed, fungicides, water treatment, the beauty industry, metallurgy, and advanced battery technology. The Company's subsidiary is 9252-5880 Quebec Inc.

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Arianne Phosphate Inc > Mercury Financing Corp

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Post by matisse2003on Apr 27, 2022 12:22pm

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Post# 34635951

Mercury Financing Corp

Does anyone know who Mercury Financing Corp is? The only reference I can find is from the Cayman Islands. What security do they have with respect to the property? Can they wipe shareholders out?

The debt that they are owed carries an interest rate of 15%.

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