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Arianne Phosphate Reports Financial Results for Q4 and Ye 2017
Arianne Phosphate Reports Financial Results for Q4 and Ye 2017 Canada NewsWire S...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n\nArianne Phosphate Reports Financial Results for Q4 and Ye 2017\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, Feb. 28, 2018\n\n\n\nDAN: TSX-V (Canada)JE9N: FSE (Germany)DRRSF: OTC (USA) \n\n\n\nSAGUENAY, QC, Feb. 28, 2018 /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 both the three and twelve-month periods ended December 31, 2017. All amounts are in Canadian dollars unless noted.\n\n\n \n \n\n \n\"The 2017 year was one of considerable advancement for our Company,\" said Brian Ostroff, Chief Executive Officer of Arianne Phosphate. \"Throughout the year we executed numerous agreements, went through a comprehensive due diligence on the part of independent engineers and, continued to work with parties interested in participating in the Lac à Paul project. All of these efforts independently confirmed what we already knew, the Lac à Paul project is amongst the best in the world. This work also culminated in our final Information Memorandum being made available to those who had expressed an interest in partnering and financing our project. To date, we have been encouraged by the level of interest that has been shown and, I am hopeful that with everyone's continued support, we will see the Lac à Paul project in development, unlocking significant value for our shareholders and stakeholders.\"\n\n2017 Financial and Operational Highlights\n\n\nIn January 2017, the Company signed a project agreement with Rio Tinto Alcan (\"Rio Tinto\") to review potential synergies surrounding maritime services. This project agreement provides for discussions focused on Arianne's use of ships serving Rio Tinto to deliver phosphate concentrate to international markets and should provide both environmental and economic benefits. \nIn February 2017, the Company secured a favorable power agre...