Arianne Phosphate Announces MOU Agreement with SNC-Lavalin and Cegertec to act as Project Management Consultants
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, April 3, 2017 /CNW Telbec/ - Arianne Phosphate (the "Company" or "Arianne") (TSXV: DAN) (DRRSF: OTC) (FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac ? Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce the signing of a memorandum of understanding ("MOU") agreement with a joint venture between SNC-Lavalin ("SNC") and Cegertec to act as project manager consultants and provide project management support, coordination and consulting for the Lac a Paul project.
"Arianne has put a lot of pieces in place over the last few weeks which provides for the development of many aspects of our project," said Jean-S?(C)bastien David, Arianne's COO. "The involvement of SNC and Cegertec will allow for the integration of all of these pieces into a fully functioning plan that should help us achieve engineering, cost and scheduling certainty. Arianne's recent announcements regarding many aspects of Lac a Paul's development; structural and architectural engineering, steel fabrication, construction of the mill and electricity and automation works have all been put in place, while other aspects should be finalized in the coming weeks. The SNC-Cegertec combination will help us see that every aspect is properly coordinated."
"We look forward to working with these two key players of the mining industry. We believe that SNC and Cegertec have the required expertise to contribute to the success of the Lac ? Paul project," noted Brian Ostroff, Arianne's CEO. "Their partnership fits perfectly in our construction strategy for the mining facilities. This agreement allows us to establish an operational structure for the construction with a view to contributing to better expenditure control and coordination of the project development."
Arianne announces a grant 500 000 stock options to members of the Board of Directors. Each Option entitles the holder to purchase one common share of the Company until April 2, 2027 at a price of $0.76 per share, this being the closing price of the Company's shares on the trading day preceding the date of grant. The Options are subject to a three year vesting period under the Plan and the Policy, and are also subject to regulatory approval.
Jean-S?(C)bastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David is also the Company's Chief Operating Officer.
About SNC-Lavalin Inc.
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide engineering, procurement construction, completions and commissioning services together with a range of sustaining capital services to clients in our four industry sectors, oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.
About Cegertec
Founded nearly 60 years ago, the consulting engineering firm Cegertec has been helping its clients meet their objectives by providing quality solutions in engineering and project management in five major activity sectors: energy, industry, transport, infrastructure and building construction. Renowned for the strength of its expertise.
About Arianne Phosphate
Arianne Phosphate ("Arianne Phosphate Inc.") (www.arianne-inc.com) is developing the Lac ? 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 97,648,080 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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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, anticipated quality and production of the apatite concentrate at the Lac ? 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 ? 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.
SOURCEArianne Phosphate Inc.
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