Arianne Resources Inc. (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) is seeking shareholders’ approval to change its name to “Arianne Phosphate Inc.” to highlight its focus of developing the world class Lac à Paul phosphate deposit.
As quoted in the press release:
The Company also announced its intention to divest all non-phosphate exploration properties in order to focus exclusively on becoming a leading Canadian Phosphate producer. The decision to sell these non-core assets is a logical step in Arianne’s evolution and reflects the transition of the Company from exploration to mine development.
Arianne Resources Inc. Chairman of the Board, Pierre Lortie said:
This divestiture will enable the Company to focus all its financial and management resources on developing its major phosphate deposit at Lac a Paul, in particular completing the Bankable Feasibility Study commenced last summer.
Get Our Expert Guide to Potash Investing FREE!Download this FREE Special Report, What is Potash? From Types of Potash to Potash Stocks