DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTCQX (USA)
SAGUENAY, QC, May 2, 2024
/CNW/ - Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTCQX: 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 that the
Company will be attending the SME Current Trends in Mining Finance
Conference in New York on
May 20-22, 2024. At the
Conference, management from Arianne will participate in a panel
discussion May 21st focusing on the
financing of early-stage mining projects.
As well, Arianne has granted 500,000 stock options on
May 1, 2024, to Mr. Jeffrey Beck, CEO of Arianne Phosphate, fully in
lieu of any salary or cash remuneration. These options entitle Mr.
Beck to purchase one common share of the Company until May 1, 2034 at a price of $0.255 per share, this being the closing price of
the Company's shares on the trading day preceding the date of the
grant. The options are subject to a vesting period and are also
subject to regulatory approval. Mr. Beck added, "continuing to tie
my remuneration to the future fortunes of the Company is a welcomed
opportunity as prospects for the Company look very
encouraging."
Lastly, as noted in the Arianne's Press Release of April 2, 2024, the Company has engaged Impaq
Capital, an arm's length party, to provide investor relation
services. Based in Montreal,
Quebec, Impaq Capital provides tailored outreach programs
for small-cap companies to North American based investment
professionals, allowing for an increased awareness for the Company.
The contract is for an initial period of 6 months from March 19, 2024, and can be extended for
three-month periods thereafter in writing by both parties. Impaq
will receive a monthly cash fee of $5,000 and received 150,000 options priced at
$0.275, subject to a vesting period.
Impaq Capital does not have any direct or indirect interest in
Arianne other than the options granted and no intent to
acquire such an interest other than the stock options.
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 202,890,210 shares outstanding.
Qualified Person
Raphael Gaudreault, eng.,
Qualified Person by NI 43-101, has approved this release. Mr.
Gaudreault is also the Company's Chief Operating Officer.
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 be 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 approval, 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.