The Conversation (0)
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) filed its financial statements for the year ended 2012. Significant progress include: seeking shareholder approval on the name change to “Arianne Phosphate Inc.”, divesting all its non-phosphate exploration properties, and the update of the mineral estimate for the Paul Zone.
As quoted in the press release:
During the fourth quarter and early part of Q1 2013, Arianne made significant progress on the Feasibility Study (“FS”) of the Lac à Paul phosphate project, including:
- Arianne announced that it will seek shareholders’ approval to change its name from “Arianne Resources Inc.” to “Arianne Phosphate Inc.” at its next annual general meeting of shareholders in May 2013 to recognize the focus of its activities on developing the world class Lac à Paul phosphate deposit.
- The Company announced its intention to divest all its 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 announced that the updated mineral estimate for the Paul Zone amounts to 590 million metric tons (Mt) of measured and indicated resources.
Click here to read the Arianne Phosphate (TSXV:DAN) press release