DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, June 9, 2022
/CNW/ - Arianne Phosphate (the "Company" or "Arianne")
(TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage
phosphate mining company, advancing its Lac à Paul project in
Quebec's Saguenay-Lac-Saint-Jean
region, is pleased to announce that it has appointed Mr.
Michael Gentile as a strategic
advisor to the Company. Mr. Gentile's role will be to advise
the Board on matters regarding capital markets and its discussions
with potential financial partners and investors. Mr. Gentile
has also purchased 4 million shares of Arianne Phosphate in the
open market and secured an option, from a private investor,
allowing him to purchase an additional 2 million shares at
$0.75 for a period of 18 months.
Mr. Gentile is considered one of the leading strategic investors
in the small and medium cap mining sector, owning significant
positions in over 15 mining companies. Mr. Gentile is currently a
strategic adviser to Arizona Metals and Geomega Resources as well
as being a director of Northern Superior Resources, Roscan Gold,
Radisson Mining Resources and Solstice Gold. Mr. Gentile recently
co-founded Bastion Asset Management, an investment management firm
based out of Montreal, Que., and
was previously a senior portfolio manager with Formula Growth
Ltd.
"I have known Michael and am excited to have him aboard," said
Brian Ostroff, President of
Arianne. "Michael comes to the Company at an important time
for us as, the phosphate macro has greatly improved over the last
12 months. With fertilizer and food security becoming a major
concern and, advancements in phosphate in specialty applications
such as the LFP battery, interest in Arianne's Lac à Paul project
has never been stronger. I believe Michael's involvement will
allow us to better capitalize on the environment we are
seeing."
"I have watched Arianne closely over the years," said
Michael Gentile. "The Company
has persevered through tough times and managed to advance the
asset to shovel ready status in the Tier 1 location of
Quebec. The recent unfortunate events in Russia and Ukraine have shone a spotlight on the need for
secure supply of essential commodities such as Phosphate. With the
very strong move in phosphate concentrate prices from $140t to
$240/t over the last 12 months,
and so few advanced opportunities in the sector, the value of
Arianne has never been higher in my opinion and is truly is an
opportunity worth pursuing. Due to the niche nature of the
Phosphate market investors are likely less aware of the major value
creation potential at Arianne. Through my network and
experience in this sector, I believe I can help the Company close
that awareness gap in the market."
In conjunction with Mr. Gentile's appointment, the Company will
issue 200,000 options. These Options entitle the holder to
purchase one common share of the Company until June 8, 2024 at a price of $0.53 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.
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 189,969,848 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.