DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Aug. 30, 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 the appointment of Mr. Claude Lafleur, agr, to the Company's Board of
Directors.
![Logo: Arianne Phosphate Inc. (CNW Group/Arianne Phosphate Inc.) Logo: Arianne Phosphate Inc. (CNW Group/Arianne Phosphate Inc.)](https://mma.prnewswire.com/media/737081/Arianne_Phosphate_Inc__Arianne_Phosphate_appoints_Mr__Claude_Laf.jpg)
Mr. Lafleur brings with him extensive experience in the
agribusiness field, having served in senior management positions
with several companies. For 16 years Mr. Lafleur was with
Coop fédérée, including 8 years as its Chief Executive
Officer. With its affiliated co-ops, Coop fédérée is
Quebec's largest agri-food
organization with annual sales of over CDN $9 Billion. As well, Mr. Lafleur was CEO of
IFFCO Canada, the Canadian subsidiary of IFFCO (Indian Farmers
Fertilizer Cooperative Limited), India's largest fertilizer manufacturer with
annual sales of US $3 Billion.
Currently, Mr. Lafleur is a member of Anges Quebec (Quebec Angels)
Capital, a fund sponsored by Investissement Québec, Caisse de dépôt
et placement du Québec and Fonds de solidarité FTQ and, continues
to sit on several boards including Desjardins Groupe Assurance, a
CDN $4,5 Billion enterprise.
"Claude's resume speaks for itself," said Dominique Bouchard, Executive Chairman of the
Board of Arianne Phosphate. "Having served with large
domestic and international companies, Claude will be able to share
his knowledge with the board and management of Arianne. As
well, over the years, Claude has assembled a strong network of
industry and government contacts that he will be able to draw on as
he assists Arianne in formalizing the final pieces necessary to put
the Company's Lac à Paul project into production. On behalf
of the Arianne team, we want to welcome Claude and look forward to
working closely with him."
"I have been familiar with the Arianne project for several years
and watched its development," said Claude
Lafleur. "I believe this project is something special
and is a necessity for the world as we look to feed our growing
population. I am quite familiar with the challenges and
rewards in seeing large projects come to fruition and I am excited
to be part of this project. Ultimately, the development of
Lac à Paul will be of great value to Arianne's shareholders,
stakeholders and the Province of Quebec."
In conjunction with Mr. Lafleur's appointment to the Board, he
has been granted 200,000 stock options. Each Option entitles
the holder to purchase one common share of the Company until
August 29, 2028 at a price of
$0.41 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-year vesting
period under the Plan and the Policy 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%
P2O5 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.