| Arianne Extends the Term of Warrants | |
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SAGUENAY, QUEBEC - (July 22, 2016) - Arianne Phosphate (the 'Company' or 'Arianne') (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region announced today, subject to regulatory approval, the extension of the term of 2,815,500 common share purchase warrants ('Warrants') issued as part of a private placement which closed on July 31, 2014 for gross proceeds of $5,631,000. Each of the Warrants, which were part of the units being issued, entitles its holder to purchase one common share of Arianne (a 'Common Share') at an exercise price of $1.25 per Common Share until July 31, 2016. Arianne has elected to extend the expiry date of the Warrants to July 31, 2017. No other Warrant terms are amended.
Arianne will deliver a notice of extension to the registered holders of the Warrants.
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 97,225,755 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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Contact Information:
Source: Jean-Sébastien David, C.O.O. Tel. : 418-549-7316 [email protected]
Info: Joe Racanelli Tel. : 416-586-1943 [email protected]
Brian Ostroff, C.E.O. Tel. : 514-908-4202 [email protected]
Medias: Karyna Tremblay, Community
Relations Coordinator Tel.: 418-549-7316 [email protected]
Follow Arianne on:
Facebook: https://www.facebook.com/ariannephosphate
Twitter: http://twitter.com/arianne_dan
YouTube: http://www.youtube.com/user/ArianneResources
Flickr: http://www.flickr.com/photos/arianneresources
Resource Investing News: http://resourceinvestingnews.com/?s=Arianne
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Arianne Phosphate Inc.
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EXPLORATION STAGE |
CODE : DAN.V |
ISIN : CA04035D1024 |
CUSIP : 04033 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arianne Phosphate is a exploration company based in Canada. Arianne Phosphate holds various exploration projects in Canada and in Mexico. Its main exploration properties are HÉVA EST, MIREPOIX, OPINACA, PENARROYA - BROUILLANT, LAC A PAUL, MASSICOTTE GROUP and R-14 in Canada and EL REY PROPERTY in Mexico. Arianne Phosphate is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 17.6 millions as of today (US$ 12.9 millions, € 11.7 millions). Its stock quote reached its lowest recent point on January 02, 2009 at CA$ 0.02, and its highest recent level on September 16, 2011 at CA$ 2.48. Arianne Phosphate has 97 650 000 shares outstanding. |