DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC BB (USA)
SAGUENAY, QC, June 4, 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
Phosphate Project in Quebec's Saguenay region, announced the voting
results of its annual and special meeting of shareholders held today
Arianne shareholders elected Messrs. Pierre Fitzgibbon, Dominique
Bouchard, Brian Ostroff, James Cowley, David DeBiasio, Marco Gagnon,
Siva Pillay, and Steven Pinney as directors of the Company.
Arianne shareholders also approved an amendment to the Company's stock
option plan, limiting the number of common shares that may be reserved
for stock options to 10% of the number of issued and outstanding common
shares of the Corporation at the time of the grant. As required by the
TSX Venture Exchange, the options granted since the adoption of a
previously amended stock option plan on June 25, 2013, were ratified
and confirmed by the disinterested shareholders. Full details were
described in the Management's Information Circular dated May 2, 2014
and available via SEDAR.
Shareholders also approved the resolution to appoint
PricewaterhouseCoopers (PWC) as the Company's auditors for the current
Subsequent to the shareholders' meeting, Arianne's Board of Directors
confirmed the nominations of Mr. Pierre Fitzgibbon as Chairman and Mr.
Dominique Bouchard as Vice-Chairman, respectively.
Mr. Fitzgibbon has more than 30 years of experience in Operations,
Finance, Corporate and Strategic Development in Canadian and international markets, and is currently President and
CEO of Atrium Innovations, He worked previously National Bank of Canada
as Chief Financial Officer and Vice Chairman Corporate and Investment
Banking. Mr. Fitzgibbon also served for on the Board of the Caisse de
Dépôt et Placement du Québec.
Mr. Bouchard is a 33-year veteran of the Alcan and Rio Tinto
organizations, having most recently served as President of Rio Tinto
Iron & Titanium until his retirement in May, 2013. Previously, Mr.
Bouchard held the position of Vice President Primary Metal within Rio
Tinto Alcan from March 2005 to February 2010. He was responsible for
the operations and implementation of the strategy development for
Primary Metal Saguenay-Lac-Saint-Jean.
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 87,087,755 million
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.
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, anticipated effect of the additional
metallurgical tests 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
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