DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Dec. 22, 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, has closed on its previously
announced (see Press Release dated December 8, 2017) amended and extended secured credit facility.
The credit facility is in the amount of $19,472,638. Maturity of the facility will be January 15, 2019 and amends the present facility that was set to mature December 31,
2017.
The secured credit facility will bear interest at an annual rate equal to 15%, with all interest capitalized through the end
of the facility. Additionally, the Company has issued the lender 17,181,739 non-transferable warrants which an exercise price of
$0.68/share. The warrants are exercisable through January 15, 2019.
As well, the parties have agreed to cancel 3,724,000 non-transferable warrants that were originally issued to the lenders in
October 2015 (see Press Release dated October 22, 2015). Arianne will
pay the lender a commitment fee equal to 3% payable at maturity of the loan.
All securities issued in connection with the transaction are subject to a mandatory hold period of four (4) months ending on
April 22, 2018. The transaction is subject to the final approval of the TSX Venture Exchange.
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.
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