Arianne Phosphate receives financial support from the Government of Quebec for its Lac à Paul Project

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[{"type":"text","content":"\n\n\nDAN: TSX-V (Canada)\nJE9N: FSE (Germany)\nDRRSF: OTC BB (USA) \n\n\nSAGUENAY, QC, Sept. 15, 2014 /CNW/ - Arianne Phosphate (the \"Company\" or \"Arianne\") (TSX VENTURE: DAN)\n (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate company advancing the Lac à Paul Phosphate\n Project in Quebec's Saguenay region is pleased to announce the Quebec\n Government investment of $2M in the project.  This investment, to be\n made by Investissement Québec, is part of Arianne's previously\n announced $8M financing (see our press release dated July 31, 2014) and\n will close in conjunction with the closing of the second tranche of the\n financing in the coming days.\n\n\n\"This is a world class project with enormous benefits to all involved,\"\n said Pierre Fitzgibbon, Chairman of Arianne.  \"By making this\n investment, the Government of Quebec is helping to pave the way forward\n for this important project.  This concrete show of support will allow\n the strengthening of the region's economy, pioneer a new long lasting\n industry for Quebec and, of course, provides the province the economic\n benefit of being a shareholder in this $1.9B [NPV] asset, as stated in\n its feasibility study from October 2013. The jobs and benefits to the\n community are that much closer.\"\n\n\nAccording to Raymond Chabot Grant Thornton's analysis (refer to the\n press release dated February 25, 2014), Arianne's Lac à Paul project is\n set to be the most significant development in the province.  Already\n shown to be one of the largest greenfield phosphate project in the\n world, independent studies anticipate that Lac à Paul will provide over\n $12.5B in economic benefit to the region during the first 25 years of\n operation.  The project will create over 2,200 jobs during the\n construction phase, 1,000 direct and indirect jobs during operation and\n provide $1B in employment income to the region over this period.\n\n\n\"We are very pleased that the government has chosen to support this\n project and believe that they will be an exceptional partner as we go\n forward through permitting and ultimately development,\" commented\n Jean-Sebastien David, the Company's COO.  \"Certainly, this is a big\n project and it will require the support of all those involved.  By\n having the gove...

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