Business
Arianne Arranges a $139,500 Financing With SDBJ
Arianne Arranges a $139,500 Financing With SDBJ
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"Arianne Arranges a $139,500 Financing With SDBJ\n\n\n\nArianne Arranges a $139,500 Financing With SDBJ\n\nChicoutimi, Quebec CANADA, April 28, 2008 /FSC/ - Arianne Resources Inc. (DAR - TSX Venture), is currently arranging a private placement for the amount of $139,500. The placement consists of the issuance of 1,550,000 units at a price of $0.09 per unit. Each unit including one common share of the Company and one warrant to purchase an additional share of the Company at a price of $0.13. The warrants will be exercisable for two years after the closing. The shares will be subject to a four-month minimum hold period. This financing is subject to the approval of the TSX Venture Exchange. \n\nThe closing is expected to occur around May 22nd, 2008, upon the acceptance of the SDBJ board. \n\nThe funds will be principally used for exploration on the Company's James Bay Project, located in Quebec.\n\nAbout the SDBJ \n\nThe Development Act and the municipal organization in the region of James Bay, creating the SDBJ have been adopted by the Quebec National Assembly on July 14, 1971. Its mission is to promote, in a perspective of sustainable development, economic development, enhancement and exploitation of natural resources, other than hydropower resources, on the territory of James Bay.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.\n\nSource: Mr. Bernard Lapointe, CEO For info: Mr. Norman Forrest, \n VP - Development\nTel.: (418) 549-7316; Fax: (418) 549-5750 Tel.: (450) 736-0453\[email protected] [email protected]\n\n\nInvestor Relations &n...