DAN: TSX-V (Canada)
JE9N: FSE
(Germany)
DRRSF: OTC
(USA)
SAGUENAY, QC, Nov. 24,
2017 Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTC: DRRSF) (FRANKFURT:
JE9N), regretfully announces the passing of its
Chairman of the Board Mr. Jean
Lamarre. Mr. Lamarre died on November 22 after a brief and courageous fight
with illness. Mr. Lamarre joined the Arianne board as its
Chairman in March of 2016 and was a strong and guiding force on the
board and within the Company. On behalf of the entire Arianne team,
we want to extend our deepest sympathies to Mr. Lamarre's wife and
family.
"The loss of Jean will leave a void," said Brian Ostroff, CEO of Arianne Phosphate. "He sat
on many boards and served many causes; he touched a lot of people
and will be greatly missed by those who had the good fortune of
knowing and working with him. Although Jean was constantly
busy, he seemed to always have time. Jean made those around
him better, sharing his wisdom and guidance gained through his
years of experience. His leadership will be greatly missed
and this void deeply felt."
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 100,530,580 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.
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
Cautionary Statements Regarding Forward Looking
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"). Forward-looking information
includes, but is not limited to, anticipatedquality and production
of the apatite concentrate at the Lac à Paul project. 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. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: volatile stock price; risks related to changes in
commodity prices; sources and cost of power facilities; the
estimation of initial and sustaining capital requirements; the
estimation of labour and operating costs; the general global
markets and economic conditions; the risk associated with
exploration, development and operations of mineral deposits; the
estimation of mineral reserves and resources; the risks associated
with uninsurable risks arising during the course of exploration,
development and production; risks associated with currency
fluctuations; environmental risks; competition faced in securing
experienced personnel; access to adequate infrastructure to support
mining, processing, development and exploration activities; the
risks associated with changes in the mining regulatory regime
governing the Company; completion of the environmental assessment
process; risks related to regulatory and permitting delays; risks
related to potential conflicts of interest; the reliance on key
personnel; financing, capitalization and liquidity risks including
the risk that the financing necessary to fund continued exploration
and development activities at Lac à Paul project may not be
available on satisfactory terms, or at all; the risk of potential
dilution through the issue of common shares; the risk of
litigation. Forward-looking information is based on assumptions
management believes to be reasonable at the time such statements
are made, including but not limited to, continued exploration
activities, no material adverse change in commodity prices,
exploration and development plans proceeding in accordance with
plans and such plans achieving their stated expected outcomes,
receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Accordingly, readers should not place undue reliance
on forward-looking information. Forward-looking information is made
as of the date of this press release, and the Company does not
undertake to update such forward-looking information except in
accordance with applicable securities laws.
SOURCE Arianne Phosphate Inc.