Arianne Phosphate Provides Corporate Update
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC BB (USA)
SAGUENAY, QC, April 10, 2014 /CNW/ - Arianne Phosphate (the "Company" or "Arianne") (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate company advancing the Lac à Paul Project in Quebec's Saguenay region, today announced that it has been named one of the top 20 socially responsible junior mining companies in MacCormick's 2013 Socially Responsible Junior Mine Index. Arianne also announced that it has retained TMX Equicom to provide strategic investor relations services and has also retained Torrey Hills to provide U.S.-focused investor relations. Finally, Arianne announced the grant of stock options to board members and a consultant of the Company.
MacCormick's 2013 Socially Responsible Junior Mine Index (SRI)
Arianne has been named one of the top 20 socially responsible junior mining companies by MacCormick International Mining Consultancy. MacCormick used its CSR Index to assess the social performance of PwC's Top 100 Junior Mine Companies of 2013 and determine its Top 20.
"We are delighted to be recognized by MacCormick as a top 20 socially responsible junior mining company," said Brian Kenny, CEO of Arianne Phosphate. "This is a testament to our values and reflects our commitment to sustainable mining as we develop the Lac à Paul Phosphate project."
MacCormick's CSR index measures ten categories of social responsibility including: dedicated job function, adherence to a recognized standard, principle or framework, local sourcing, local employment, health and safety, monitoring and evaluation, consultation, community investment, capacity development and the Company's code of conduct.
Under the terms of the agreement with TMX Equicom, Arianne Phosphate will pay a monthly retainer fee of $6,500 for select strategic communications services. The contract term is for 12 months and commences immediately. Neither TMX Equicom nor any of its principals have an ownership interest, directly or indirectly, in Arianne Phosphate or its securities, and the Company has not granted TMX Equicom or its principals any right to acquire any such interests.
TMX Equicom is a wholly-owned subsidiary of TMX Group Limited, and provides strategic communications services to approximately 100 public companies across a diverse range of industries from its offices in Toronto, Calgary and San Diego.
Torrey Hills Capital
Under the terms of the agreement, Torrey Hills Capital has been engaged for an initial 12 month period at a monthly retainer fee of US$6,000. Torrey Hills has been granted stock options to purchase up to 150,000 common shares of Arianne at $1.15 per share. Pursuant to the Company's stock option plan, the options will vest in equal amounts of 25% per quarter. The options will have a three-year term.
Torrey Hills is a leading financial investor and public relations firm focused on small and micro-cap companies which trade in the United States, Canada, and Australia. Their marketing activities articulate their clients' key investment attributes, strategic direction, and financial expectations, all of which combine to ensure that their market value fully reflects past achievements and future opportunities. Torrey Hills focuses on a limited number of companies in order to provide comprehensive coverage, including unique investment related features not available anywhere else.
Grant of Stock Options to Board Members
Arianne has granted a total of 445,000 stock options at a price of $1.15 per share to board members of the Company. The stock options are granted in consideration of services provided to the Company between November 2012 and April 2014 and will be granted in accordance with the Company's stock option plan.
About Arianne Phosphate
Arianne (www.arianne-inc.com) is developing the Lac à Paul Phosphate Rock Project located approximately 200 km north of the Saguenay Lac St. Jean area of Quebec, Canada. This mine will produce a high quality igneous apatite concentrate grading 38.6% P2O5 with little or no contaminants. The Company has 84.2 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.
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Forward Looking Statements and 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"). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to estimated mineral resources, anticipated effect of the completed drill results on the Project, and timing and expectations of future work programs. 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. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
SOURCE Arianne Phosphate Inc.For further information: Source: Brian Kenny, CEO, Tel: 514-699-7436, firstname.lastname@example.org; Info: Derek Lindsay, CFO, Tel: 514-594-2372, email@example.com