Search Results for "Arianne"

Arianne Provides Comprehensive 2017 Year in Review

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, is pleased to provide a corporate update for the year-end.

Brian Ostroff, CEO of Arianne Phosphate, said:

“This year has been one of sure and steady progress.  As nice as it would be, you don’t just flip a switch and it’s done. This is a big project that should generate large returns for our investors, stakeholders and the community as a whole.

Advancing our Lac à Paul project requires many pieces to come together and I believe that the year 2017 has been a successful one in moving us towards our goal.”

Click here to read the full text release.


Arianne Amends and Extends Current Credit Facility

Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: 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, today has announced that it has amended and extended its current secured credit facility (see news release dated October 22, 2015 for more details). The current facility, which was set to mature as of December 31, 2017, has now been extended until January 15, 2019.

Brian Ostroff, Arianne’s CEO, said:

“Concluding on the credit facility with current lenders is a strong show of confidence in our efforts and, its limited dilution relative to an equity financing, is of real benefit to Arianne and its shareholders at this time.

With this agreement now in place, Arianne has extended by thirteen months any payments, both interest and principal, associated with its credit facility and can now fully focus on its current discussions with financiers and strategic players without this immediate liquidity concern.”

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Arianne Phosphate Reports Corporate and Financial Results for Third Quarter 2017

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, reported its financial results for the three- and nine-month periods ended September 30, 2017.  All amounts are in Canadian dollars unless noted.

Brian Ostroff, CEO of Arianne Phosphate, said:

“To date, 2017 has been a very productive year for us. One of our most recent announcement regarding the completion of our Information Memorandum for interested financing parties follows on to what has been a rapid progression of positive news that has materialized throughout the year.

Discussions continue to progress with potential partners, both strategic and financial, as we look to conclude the agreements that will make Lac à Paul a reality.”

Financial Summary

Arianne is a development-stage company and, as such, did not generate revenue or positive cash flow in Q3 2017. In the third quarter ended September 30, 2017, the Company incurred net losses of $0.8M for the three-month period and $2.4M for the nine-month period. This compares to a net loss of $0.8M for the three-months and $2.4M for the nine-months period in the comparable periods of 2016.

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Arianne and Others Join Together to Pursue Opportunities for Low Impurity Phosphate

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 announced that it has joined Safer Phosphates™, an organization created to promote the use of safer phosphates.

The organization has been formed by stakeholders concerned about the potential health risks posed by heavy metal content in phosphate and includes other phosphate producers such as PhosAgro PJSC of Russia and Foskor of South Africa.

Brian Ostroff, CEO of Arianne Phosphate, said:

“We are already seeing increased scrutiny from legislatures such as the current initiatives underway in the European Union.

As awareness of health and environmental issues associated with phosphate continues to grow, Arianne and others will be able to provide for the increased demand for ‘clean’ phosphate.  The decision for Arianne to move forward on this initiative supports our belief in safe and sustainable development and the advancement of our business model.”

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Arianne to Produce Additional High Purity Phosphate Concentrate to Meet Growing Interest

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 initiated the work required to produce additional phosphate concentrate.  Arianne has taken this step to meet the growing interest it has been receiving from parties looking to secure Arianne’s high-purity concentrate for testing.

Jean-Sébastien David, Chief Operating Officer of Arianne Phosphate, said:

“Almost every group that we talk to looks at our spec sheets and wants samples of our rock.As the global demand for phosphate continues to grow year over year, additional supplies will be required in the next few years and, companies today are looking to secure that supply for tomorrow.

Our phosphate ranks amongst the purest in the world and as environmental concerns grow, we should see a move towards sourcing higher quality rock.  As well, the fact that our project is located in a safe geopolitical region is a plus as consumers of phosphate rock look to mitigate all the risks they can.”

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Arianne Completes Comprehensive Information Memorandum for Interested Project Finance Parties

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, is pleased to announce that it has completed its Information Memorandum.  This document is being provided to financial institutions that have expressed an interest in the project and want to assess the possibility of being included in the project finance syndicate.

Brian Ostroff, CEO of Arianne Phosphate, said:

“It has been a long and demanding process. I am not entirely certain that those who have not been through this before, either as investor or project developer, can truly appreciate the time and effort this takes to complete; every aspect of the project is subject to scrutiny and needs to be validated.

What we do know coming out of this twelve-month due diligence process is that all aspects of our project have been checked and re-checked by independent parties and, we were able to demonstrate the robustness of our project to those who are there to insure an independent assessment.”

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Arianne Phosphate Reports Corporate and Financial Results for Second Quarter 2017

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’sSaguenay-Lac-Saint-Jean region, reported its financial results for the three- and nine-month periods ended June 30, 2017. All amounts are in Canadian dollars unless noted.

Brian Ostroff, CEO of Arianne Phosphate, said:

“The first half of the year was a very active and productive period for Arianne. The Company entered into numerous agreements with large global enterprises to further the development and assist in the financing of our project.

As well, we have been actively engaged in conversations with industry players to help secure both off take agreements and a strategic partner.  Despite industry challenges as a whole, issues such as supply disruptions and environmental concerns have only served to highlight the quality of our asset and continues to drive strong interest in our project as we move towards development.”

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Arianne Enters Into a Memorandum of Understanding Partnering to Explore Downstream Production of Phosphoric Acid

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 signing of a Memorandum of Understanding (“MoU”) with a major global producer of sulfuric acid, to explore the possibility of setting up a downstream operation that would produce phosphoric acid.

Although currently at an early stage of discussion, the venture is assessing the construction of a facility capable of producing a high quality phosphoric acid that could produce for both the fertilizer market and for specialty applications.

The facility would see the delivery of Arianne’s high purity phosphate rock along with sulfuric acid provided by one of the world’s largest producers and suppliers of sulfuric acid.

The joint venture would benefit from being able to have direct access to the necessary inputs from producers focused on their specific segment of the market and thus, the cost and competitive advantages that would come as a result.

Brian Ostroff, Chief Executive Officer of Arianne Phosphate, said:

“Today there are many operations that are challenged by their reliance on others for their rock supplies and the risks of this have become very evident with recent unforeseen supply disruptions.

This venture would allow both companies to take their currently non-integrated production, combine them, and create something of considerable value. It really is a case of one plus one equals three and would create an entity immune from external supply shocks.”

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Arianne Phosphate and Groupe Alfred Boivin sign a Memorandum of Understanding for the Ground Transport of Phosphate Concentrate

A key logistical component of the Lac à Paul project

DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)

Arianne Phosphate (the “Company” or “Arianne”) (TSXV: DAN) (OTC: DRRSF) (FRANKFURST: 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 signing of a Memorandum of Understanding (“MOU”) agreement with Groupe Alfred Boivin (“GAB”) for the trucking of the Company’s high purity phosphate concentrate between the Lac à Paul mine site and the marine terminal on the north shore of the Saguenay River.

Arianne Chief Operating Officer Sébastien David commented:

“This represents a very important logistical step for Arianne. Groupe Alfred Boivin, is a large regional company whose knowledge of local conditions will greatly enhance our plans to transport our product in a safe, environmentally friendly and cost effective way. The services offered by GAB are perfectly aligned with our transportation strategy and will allow for the final design specifications of our trucks and trailers, as well as logistics and road and fleet maintenance.

The use of a regional company will also allow for the participation of the First Nations and local companies. Groupe Alfred Boivin joins a growing list of highly qualified organizations that have partnered with Arianne to see the Lac à Paul project become a reality which, will provide for the betterment of our stakeholders and unlock value for our investors.”

Research and Development


This MOU provides for a research and development program for the final selection of the truck and, the creation of the trailer. GAB will have the mandate to develop a truck fleet specifically tailored for Arianne’s requirements and will incorporate innovative approaches surrounding sustainable technologies and environmental concerns in a cost-effective manner; policies that both companies are strongly committed to.

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Arianne Phosphate Reports Financial Results for Q4 and YE 2016

Arianne Phosphate (TSXV:DAN) has reported its financial results for the three and 12 month periods ending December 31, 2016.

As quoted in the press release:

“The year 2016 was one of hard work and advancement for the Company,” commented Brian Ostroff, CEO of Arianne Phosphate.  “Our recently announced agreements with Hydro-Québec, Constructions Proco Inc., Rio Tinto and ABB Inc. have all come about as a direct result of the team’s hard work over the past year and has catapulted the project forward.  Our belief is that we will be able to continue to negotiate and close on significant agreements, technical, financial and strategic, and see Lac à Paul advance.”

2016 Financial and Operational Highlights

• In September 2016, the Company exercised options held on land at Sainte-Rose-du-Nord representing $709,650.  The land is projected to be the future site of the port and is required for the development of the maritime terminal as well as the access roads and supporting infrastructure. It is from this site that Arianne will be shipping its high purity phosphate concentrate to customers around the world.
• In October 2016, the Company closed a second tranche of a loan financing representing $1.1 million with various third party lenders. The terms are the same as the first tranche (see below).
• In September 2016, the Company closed on a $3 million loan with various third party lenders (the “Loan”). The loan will bear interest at 8%, paid semi-annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option.  As part of the loan, the Company has issued non-transferable warrants in the amount of 800 per $1,000 face value (for a total of 2,400,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on September 28, 2019.  Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange (the “Exchange”) be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30-day notice period, following which the warrants will automatically expire.

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Arianne Phosphate announces MOU agreement with ABB

Arianne Phosphate (TSXV:DAN) has announced the signing of a memorandum of understanding agreement with ABB to provide engineering, procurement and support services for integrated electrification and automated mining solutions.

As quoted in the press release:

“Over the last few months, Arianne has been working closely with potential suppliers for key aspects of the project to provide the necessary technical, engineering, procurement and construction services required in developing the Lac à Paul project,” said Jean-Sebastien David, Arianne’s COO.  “By choosing to work directly with the various service providers on specific aspects of the project, it allows us to retain full control over the course and cost of development and, have our selected partners help us to continue to optimize the functionality and economics of our project.  The agreement with ABB fits directly into this plan as they are a global leader in power and automation technologies for the mining industry.”

Aside from scope of work and scheduling, this agreement also looks to address the financial necessities of funding this major work package.  As part of this agreement, ABB has committed to assist Arianne with possible financing strategies and has already introduced the Lac à Paul project to the Swiss Export Credit Agency (“ECA”) SERV.  “The work involved in this contract represents a significant portion of our projected CapEx,” said Brian Ostroff, CEO of Arianne Phosphate.  “We have said that our partners must have both the technical capabilities and financial network to assist in our development.  In ABB we have found that partner.  Already world-renowned as a global leader in electrical design and products, ABB has also been very helpful in looking for workable financial solutions.”

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Arianne Phosphate Secures Power Agreement with Quebec Government

Arianne Phosphate (TSXV:DAN) has announced it has secured a power agreement with the Ministry of Energy and Natural Resources.

As quoted in the press release:

This agreement confirms that an additional power bloc of 14-MW from Hydro-Quebec will be made available for the Lac à Paul project’s ore processing facilities. This power bloc now totals 129-MW. Details of the agreement were laid out in a letter to Arianne dated February 21, 2017.

With this additional power bloc, Arianne will be able to supply all of its processing facilities with hydroelectric power, making it the apatite concentrate producer with the lowest greenhouse gas (GHG) emissions on the market.  A significant portion of the whole power bloc of 129-MW, i.e. 42-MW, will be used for the electric dryer to dry the apatite concentrate.  The innovative technology integrated into the dryer will prevent the equivalent of 86,000 metric tonnes per year of CO2 emissions. It will also have a positive economic impact on the Lac à Paul project.

“Once again, we would like to thank the Québec Government for the additional power bloc,” said Jean-Sébastien David, Arianne’s COO. “The hydroelectric supply for all of our mining facilities will make the Lac à Paul project the most environmentally responsible phosphate project in the industry.”

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Arianne Phosphate Signs MOU with Constructions Proco

Arianne Phosphate (TSXV:DAN) has announced that it has signed a memorandum of understanding with Constructions Proco, which will cover structural and architectural engineering, steel fabrication and construction of the mill process and utilities buildings.

As quoted in the press release:

“Our Lac à Paul project stands to greatly benefit from Proco’s experience, a company from the Saguenay-Lac-Saint-Jean region. This selection fits into Arianne’s commitment to advance the project towards development while maximizing the local economic benefits,” said Jean-Sébastien David, Arianne’s Chief Operating Officer. “Over the past many months, Arianne has been working with potential suppliers for key aspects of the project to provide the necessary technical, engineering and construction services required to develop the Lac à Paul project. The agreement with Proco fits directly into this plan as they are a recognized leader in Canada for the construction of major industrial and mining facilities.”

“We acknowledge that many projects faced undue challenges as a result of not having fully addressed the important aspects before the beginning of construction,” noted Brian Ostroff, CEO of Arianne.  “Our last few months have been all about answering the questions and moving the project from shovel-ready to shovel-ready with cost and scheduling certainty. This has allowed us to work with specialists in various aspects of the project and put together a very comprehensive plan.  We believe that this strategy is not lost on potential partners and financiers.”

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Arianne and Rio Tinto in Discussions on Maritime Transport

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 signing of a project agreement with Rio Tinto to review potential maritime services sharing. This project agreement provides for discussions focused on Arianne’s use of ships serving Rio Tinto to deliver phosphate concentrate to international markets.

“This partnership would minimize the environmental impact of our transport on the Saguenay River by fully maximizing the use of these Rio Tinto ships. Currently used for conveying commodities to their facilities, these vessels could eventually leave the Saguenay River loaded with Arianne’s phosphate rock concentrate,” said Jean-Sébastien David, Chief Operating Officer of Arianne. This kind of partnership ties in with Arianne’s ongoing efforts to reduce the environmental impact of its Lac à Paul project, as well as enhancing the project’s economics. “Together, we would be able to lessen the environmental footprint by optimizing transport activity on the Saguenay River and ensure maritime traffic synergy.”

“We are at a preliminary stage, but discussions with Arianne Phosphate will allow us to assess the possibility of using the maritime transport already in place for our operations to promote economic development in the region,” said Jean-François Nadeau, manager, Complexe Jonquière, which includes, the Rio Tinto Port Facilities. “Each year, Rio Tinto’s Port Facilities accommodate about 120 ships loaded with raw materials such as bauxite and alumina.”

This project agreement also focuses on the sharing of common services such as ship towing on the Saguenay River. Discussions will continue during the year as both parties have as potential objective to conclude an agreement and, to look at other opportunities surrounding the synergy of assets.

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 97,648,080 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:
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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.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/25/c6631.html

For further information: Source: Jean-Sébastien David, C.O.O., Tel. : 418-549-7316, [email protected]; Info: Brian Ostroff, C.E.O., Tel. : 514-908-4202, [email protected]; Medias: Joëlle Brodie, Tel. : 418-549-7316, [email protected]

RELATED LINKS
http://www.arianne-inc.com/fr/


 

Arianne Phosphate Provides Year-End Corporate Update

Arianne Phosphate (TSXV:DAN) has provided its corporate update for the year.

Brian Ostroff, CEO of the company, said:

Bringing the Lac à Paul project into production requires many aspects to come together. Having received our permit almost a year ago, we have been busy discussing and planning the integration of the many aspects required.  The successful implementation of this work requires the selection of key suppliers, finalizing the engineering, finding customers and, of course, raising the necessary funding, all of which we believe we have made significant progress towards.  As 2016 comes to an end, we want to keep our investors, First Nations, stakeholders and followers appraised of our activities to date and set some milestones for the New Year.

As quoted in the press release:

Selection of Key Suppliers
Throughout the year, Arianne has worked very closely with key potential suppliers for both technologies and services that will be required to construct the Lac à Paul mine.  This process is well advanced and the Company believes that it will be in a position to make some of these announcements early in the coming year.  These discussions have been very detailed and, aside from providing an assessment of potential suppliers, Arianne believes that it should provide for both cost and scheduling certainty for the project.  As well, aside from the technical aspects, discussions with potential suppliers also focused on the necessity of chosen suppliers to have a workable financing plan in place, either through themselves or financial institutions.

Continued Project Optimization
Since Arianne released its Bankable Feasibility Study back in 2013, the Company has systematically been able to advance and improve its Lac à Paul project, bringing down its anticipated operating costs.  One of the many major benefits to the process undertaken with suppliers over the past year has been the generation of many new concepts on how to better optimize the project.  The detailed look through every aspect of the project; construction, mining, processing, transport and financing has yielded many ideas on how the project can continue to improve well beyond what has been accomplished to date.  Arianne believes that it can be one of the lowest cash cost producers of high purity phosphate concentrate.

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Arianne Phosphate Reports Corporate and Financial Results for Q3 2016

Arianne Phosphate (TSXV:DAN) has reported its financial results for the three-and-nine-months ended September 30, 2016.

Brian Ostroff, CEO of Arianne Phosphate said:

With permit now in hand, our efforts have been centered on moving the project towards development. The last nine months has seen an increasing momentum in discussions with potential strategic and financial partners as we look to bring Lac à Paul into production. The closing on recent financings and our exercising of land options at the future site of the port are good examples of the work we are doing and, the support we are receiving, to see this project become a reality.

As quoted in the press release:

Q3 2016 FINANCIAL AND OPERATIONAL HIGHLIGHTS

  • The Company has closed on a $3 Million loan with various third party lenders. The loan will bear interest at 8%, paid semi‐annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option. As part of the loan, the Company has issued non‐transferable warrants in the amount of 800 per $1,000 face value (for a total of 2,400,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on September 28, 2019. Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30‐day notice period, following which the warrants will automatically expire.
  • The Company has exercised options held on land at Sainte‐Rose‐du‐Nord. The land is projected to be the future site of the port and is required for the development of the maritime terminal as well as the access roads and supporting infrastructure. It is from this site that Arianne will be shipping its high purity phosphate concentrate to customers around the world.

Click here to read the full press release.


Arianne Exercises Options on Land

Arianne Phosphate (TSXV:DAN) has exercised options held on land at Sainte-Rose-du-Nord, which is projected to be the future site of the port.

Brian Ostroff, CEO, said:

This is an important step forward for the Company and its development. As with all large scale projects, transportation logistics are a vital contributor to overall success.  The Arianne team in Chicoutimi has continued their work with the Port of Saguenay as well as the local communities and stakeholders. The overwhelming support we have received for the project and the necessary timelines have led us to proceed with the exercising of our land options as we move towards the realization of our Lac à Paul project.

As quoted in the press release:

The Lac à Paul project is the world’s largest greenfield phosphate rock project.  During construction, Raymond Chabot Grant Thornton estimated that the project would employ roughly 2,300 people and, according to the Company’s 2013 Feasibility Study, once in production, will be capable of producing 3 million tons a year of high purity concentrate necessary for the production of fertilizer as well as many other applications that touch our daily lives.  Recent global events have highlighted the importance of phosphate rock quality and, at 39% with very low contaminant levels, Arianne’s high purity phosphate should continue to receive increased interest as the Company continues its discussions with potential corporate and financial partners.

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Arianne Phosphate Closes Seconde Tranche of Loan Financing

Arianne Phosphate (TSXV:DAN) has announced that it has closed on a second tranche of a loan financing representing $1.1 million with a number of third party lenders.

As quoted in the press release:

The loan will bear interest at 8%, paid semi-annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option.  As part of the loan, the Company has issued non-transferable warrants in the amount of 800 per $1,000 face value (for a total of 880,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on October 27, 2019.  Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange (the “Exchange”) be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30-day notice period, following which the warrants will automatically expire.

In conjunction with this Loan, Arianne paid finder’s fees in the amount of $44,000 and issued 35,200 non-transferable warrants.  Each warrant is exercisable at $0.89 for a period of 3 years.
The securities issued in connection with the Loan are subject to a regulatory four-month and one day hold period expiring on February 28, 2017. The Loan remains subject to the final approval of the Exchange.

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Arianne Phosphate Extends The Term of Warrants

Arianne Phosphate (TSXV:DAN) has announced subject to regulatory approval the extension of 1,184,500 common share purchase warrants, issued as part of a private placement that closed October 16, 2014 for gross proceeds totaling $2,369,00.

As quoted in the press release:

Each of the Warrants, which were part of the units being issued, entitles its holder to purchase one common share of Arianne (a “Common Share”) at an exercise price of $1.25 per Common Share until October 15, 2016. Arianne has elected to extend the expiry date of the Warrants to October 15, 2017. No other Warrant terms are amended.

Arianne will deliver a notice of extension to the registered holders of the Warrants.

Click here to read the full press release.


Arianne Phosphate Closes Loan Financing

Arianne Phosphate (TSXV:DAN) has announced that it has closed a $3 million loan with a number of third party lenders.

As quoted in the press release:

The loan will bear interest at 8%, paid semi-annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option.  As part of the loan, the Company has issued non-transferable warrants in the amount of 800 per $1,000 face value (for a total of 2,400,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on September 28, 2019.  Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange (the “Exchange”) be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30-day notice period, following which the warrants will automatically expire.

Brian Ostroff, CEO of Arianne Phosphate, said:

We continue to push forward towards the development of our significant phosphate asset. These additional funds will allow us to add additional staff related to detailed engineering and financing, as well as to continue our ongoing activities centered around discussions with potential partners and funders.”  Arianne anticipates closing on a second tranche of this financing within the next few weeks.

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