DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Oct. 3, 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 phosphate
rock project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce the expanded
roles of two of the Company's directors.
Mr. Dominique Bouchard already directors of Arianne will become Executive Vice Chairman and
work closely with Arianne's COO and Chicoutimi based team, taking an active role in many of the
day to day activities and assisting with the regional, provincial and national efforts underway. Mr. Bouchard, a long-time
veteran of Alcan and Rio Tinto, served most recently as President of Rio Tinto Quebec Iron & Titanium until May of
2013. Mr. Bouchard's activities were based in the Saguenay region, as well as in Montreal
and in North America. He resides in the Saguenay region where Rio Tinto remains one of the
largest local employer. "I believe I have a lot to add and look forward to assisting the Arianne team in every way
possible," said Mr. Bouchard. "My past positions and experience have allowed me to work with many of the same organizations
and stakeholders that Arianne is currently dealing with as it advances its Lac à Paul project through to development."
Mr. Siva Pillay will also be taking a more active role, working closely with Arianne's CEO, CFO and advisors in securing
project financing. Mr. Pillay is a board member and currently chairs Arianne's audit/finance committee. Mr. Pillay is
the Managing Director of Ocean Partners (OP), a global off-taking and commodity trading company and who's past experience in
structured project finance and commodity trade finance will bring added depth to Arianne as it looks to conclude on its financing
package. "Having been part of many project finance deals and off-take agreements, I look forward to my more active role in
the process," said Mr. Pillay. "Many of my current day-to-day OP activities involve discussions surrounding project finance
and off-take with the very parties that Arianne is now in discussions with and, to that end, I believe this should be very
synergistic."
Both Messrs. Bouchard and Pillay are expected to see their roles increase immediately and will be integrated into Arianne's
current management team. "Arianne has been fortunate to have a board that has been involved and supportive of its efforts,"
said Brian Ostroff, CEO of Arianne Phosphate. "The Company is at a very important stage and
having a greater involvement from Dominique and Siva, with their specific experience and network, will be of enormous help
towards the advancement of our Lac a Paul project."
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, 2017. Arianne has elected to extend the expiry date of the Warrants to October 15, 2018. No other Warrant terms are amended. Arianne will deliver a notice of extension to the
registered holders of the Warrants.
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% P2O5 with little or no contaminants. The Company has 100,530,580
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.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/October2017/03/c6860.html