Arianne Phosphate Closes Second Tranche of $8M Financing

Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) closed the second tranche of its previously announced $8M private placement financing for gross proceeds of $2,369,000.

As quoted in the press release:

As previously announced by the Company, the Quebec government is participating, investing $2,000,000 through Ressources Québec, a subsidiary of Investissement Québec (see our press release dated September 15, 2014 for more details). On July 31, 2014, the Company closed a first tranche of the Offering for gross proceeds of $5,631,000(see our press release dated July 31, 2014 for more details).

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