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Arianne Phosphate Reports Corporate and Financial Results for First Quarter 2019 and Announces Election Results of its 2019 Annual General Meeting
Arianne Phosphate Reports Corporate and Financial Results for First Quarter 2019 and Annou...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n\nArianne Phosphate Reports Corporate and Financial Results for First Quarter 2019 and Announces Election Results of its 2019 Annual General Meeting\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, May 29, 2019\n\n\n\nDAN: TSX-V (Canada)JE9N: FSE (Germany)DRRSF: OTC (USA)\n SAGUENAY, QC, May 29, 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, reported its financial results for the three-month period ended March 31, 2019. All amounts are in Canadian dollars unless noted.\n\n \n \n\n \n \"First, I want to thank our shareholders and stakeholders for their support as we continue to advance our Lac à Paul project towards production,\" said Brian Ostroff, CEO of Arianne Phosphate.  \"During the first quarter, we were able to continue to add quality personnel to our Board and Management, enter into an agency agreement with a prominent Indian fertilizer trader and receive the continued support of the Government of Quebec by way of a further investment in Arianne.  These events continue to support our activities as we pursue our discussions with offtakers, financiers and potential partners, and thus, move our project towards development and unlocking the considerable value that comes with it.\"\nQ1 2019 Financial and Operational Highlights\nIn March 2019, the Company announced 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. Based 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. In February 2019, the Company announce...