Saguenay, Quebec – December 22, 2015 – (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, is today pleased to announce that its project has received approval from the Cabinet of the Government of Quebec.
“There could not have been a better way to end the year for Arianne and the region as a whole,” remarked Jean-Sebastien David, Arianne’s COO. “The Ministerial Decree represents the most significant milestone to date for the project and with it, Arianne now has the permission it needs to go ahead with the development of its proposed $ 1.2 billion phosphate project.
The board and the Arianne team want to thank the Government of Quebec for the confidence they have shown in this project through the issuance of the Decree and, of course, greatly appreciate the support we have received from the municipalities and organizations that have been behind this project. Lastly, this could not have been possible without the support of all of our stakeholders over the past few years.”
Arianne will now look to finance the construction of its Lac a Paul mine. The Company believes that the granting of the Ministerial Decree is an important step in the process and will continue its ongoing discussions with potential corporate, strategic and financial partners. The provision of the Ministerial Decree continues to show the support provided by the Quebec Government and follows Arianne’s recent participation in an economic mission to New York City led by Minister Pierre Arcand, Minister of Energy and Natural Resources and Minister responsible for the Plan Nord.
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 95,325,755 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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Jean-Sébastien David, C.O.O. Tel. : 418-549-7316 [email protected]
Brian Ostroff Tél. : 514-908-4202 [email protected]
Joe Racanelli Tel. : 416-586-1943 [email protected]
Karyna Tremblay, Community Relations Coordinator Tel.: 418-549-7316 [email protected]
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Click here for original source of this News Release: http://www.arianne-inc.com/en/pressroom/press-releases/arianne-phosphate-receives-ministerial-decree-for-its-lac-a-paul-project