Business
Arianne Phosphate Announces Changes to Management and Reports on Financial and Corporate Results for Second Quarter 2014
DAN: TSX-V ( Canada ) JE9N: FSE ( Germany ) DRRSF: OTC BB ( USA ) SAGUENAY, QC, Se...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\nDAN: TSX-V (Canada)JE9N: FSE (Germany)DRRSF: OTC BB (USA) \n\n\n\nSAGUENAY, QC, Sept. 2, 2014 /CNW/ - Arianne Phosphate (the \"Company\" or \"Arianne\") (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate company advancing the Lac à Paul Phosphate Project in Quebec's Saguenay region today is announcing changes to its management personnel as it moves its Lac à Paul project through its next phase of development.  These changes are being introduced to further focus the Company on its next major milestones.  These primary milestones are: permitting; First Nations; improvements to OpEx/CapEx; and securing a strategic partner.\n\nAs these milestones are pursued, Brian Kenny has requested that his focus be exclusively aimed at reducing both Capex and Opex which includes optimizing the transportation plan.  Although able to address this during his tenure as CEO, other responsibilities that came with the CEO office did not allow him the time required to fully focus on such an important part of moving the project forward. \n\n\"I think we have a great project here and believe that my efforts are best served in my main area of expertise and, where I can have the greatest impact,\" Mr. Kenny stated.  \"I look forward to continue working with the team and allowing us to finish the goal we have set; to see a world class phosphate mine operating here in Quebec.\"  \n\nAs a result of Mr. Kenny's primary focus, the belief was that the CEO title was no longer applicable and Mr. Kenny has thus chosen to resign the title.  Mr. Kenny will be staying with the Company as a consultant.  The other responsibilities that had fallen to him as CEO such as administrative, financial strategy, investor and community relations will be reallocated to others within the management team.\n\nMany of these redistributed responsibilities will fall directly to Arianne's current Chief Operating Officer Jean-Sebastien David.  Already a senior member of the management team, Mr. David was involved in large part with many of the operations of the Company.  By being based in Chicoutimi, Mr. David knows all of the staff, many of the local officials, government officials and members of the First Nations communities and, has interacted regularly with them over the last few years since...