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, 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 …

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.”

Click here to read the full text release. 

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