Arianne Clarifies Pricing of Options
SAGUENAY, QUEBEC – (October 2, 2019) – 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, wishes to clarify information provided in yesterday’s Press Release (see press release dated October 1, 2019) regarding options granted to both Management and the Board.
Yesterday’s Press Release indicated that all options granted were at a price of $0.44 per share when, in fact, it was only options granted to management that were priced at $0.44. Options granted to members of the Board, including Arianne’s CEO, were priced at $0.55 per share and represent 470,000 of the 540,000 options granted. All other terms and conditions surrounding the options remain the same.
Jean-Sébastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David is also the Company’s Chief Operating Officer.
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 (Feasibility Study released in 2013). The Company has 111,438,250 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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Source: Jean-Sébastien David, C.O.O. Tel. : 418-549-7316 email@example.com
Info: Brian Ostroff, C.E.O. Tel. : 514-908-4202 firstname.lastname@example.org