Business
Arianne enters into agency agreement with Indian fertilizer trader
Arianne enters into agency agreement with Indian fertilizer trader Canada NewsWire...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n\nArianne enters into agency agreement with Indian fertilizer trader\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSAGUENAY, QC, March 19, 2019\n\n\n\nDAN: TSX-V (Canada)JE9N: FSE (Germany)DRRSF: OTC (USA)\n-Agreement will allow for greater representation into the Indian market\n SAGUENAY, QC, March 19, 2019 /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 project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce that it has entered into an agency agreement with Compagnie Indo Française de Commerce (\"CIFC\") to market and sell Arianne's high-purity, low-contaminant phosphate concentrate into the Indian market.\n\n \n \n\n \n\"This agreement is another meaningful step for our Company,\" said Brian Ostroff, CEO of Arianne Phosphate. \"India is the world's largest importer of phosphate and, having on the ground representation for our product, will help accelerate Arianne's commercial penetration into the market. With discussions already underway with several potential Indian customers, we believe that CIFC's long-standing relationships with many of these large players will help us advance and conclude these offtake discussions.\"\nBased in New Delhi, India, Compagnie Indo Francaise de Commerce Pvt. Ltd. is a private company founded in 1967. CIFC's business includes the trading, sale, marketing and supply of critical raw materials to India, including fertilizers, agricultural chemicals and animal feeds. As a pioneer in the marketing of fertilizers and fertilizer raw materials into India, CIFC has a long-established reputation with many of the region's largest fertilizer and agricultural entities.\n\"We are excited by the opportunity of bringing this high-quality phosphate to India,\" said Mr. Santosh Sekharan of CIFC Pvt. Ltd., \"Phosphate concentrate of this nature is very limited and, the combination of our strong and historic relationships c...