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Arianne Completes Comprehensive Information Memorandum for Interested Project Finance Parties
Arianne Completes Comprehensive Information Memorandum for Interested Project Finance Part...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n\nArianne Completes Comprehensive Information Memorandum for Interested Project Finance Parties\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSAGUENAY, QC, Oct. 31, 2017\n\n\n\nDAN: TSX-V (Canada) JE9N: FSE (Germany)DRRSF: OTC (USA) \n\n\n\nSAGUENAY, QC, Oct. 31, 2017 /CNW Telbec/ - Arianne Phosphate (the \"Company\" or \"Arianne\") (TSXV: DAN) (OTC: DRRSF)  (FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul phosphate rock project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce that it has completed its Information Memorandum.  This document is being provided to financial institutions that have expressed an interest in the project and want to assess the possibility of being included in the project finance syndicate.\n\n\n \n \n\n \nThe Information Memorandum is the result of many months of hard work between the Company and independent parties that have come in to evaluate and confirm the project from the perspective of the lenders.  The final stages of due diligence for the document were completed after preliminary interest was confirmed through the execution of Confidentiality Agreements on the part of qualified financial institutions.\n\nThe role of the independent engineers was to subject the Lac à Paul project to a full due diligence process.  Every aspect of the project from extraction, processing, infrastructure and environmental were subject to review.  From this, projected CapEx and OpEx were built into a broad financial model that will allow the respective finance partners to assess their interest in moving forward and participating in the project finance.\n\n\"It has been a long and demanding process,\" said Brian Ostroff, CEO of Arianne Phosphate.  \"I am not entirely certain that those who have not been through this before, either as investor or project developer, can truly appreciate the time and effort this takes to complete; every aspect of the project is subject to scrutiny and needs to be validated.  What we do know coming out...