Arianne Phosphate reports Q1 2016 financial results

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[{"type":"text","content":"\n\n\n\nArianne Phosphate reports Q1 2016 financial results\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\nArianne Phosphate reports Q1 2016 financial results\nCanada NewsWire\nSAGUENAY, QC, May 24, 2016\n\n\n\nDAN: TSX-V (Canada)JE9N: FSE (Germany)DRRSF: OTC (USA) \n\n\n\nSAGUENAY, QC, May 24, 2016 /CNW/ - Arianne Phosphate (the \"Company\" or \"Arianne\") (TSX VENTURE: 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 first quarter financial results for the three-month period ended March 31, 2016. All amounts are in Canadian dollars unless noted.\n\nQ1 Financial and Operational Highlights \n\n\nAppointed Jean Lamarre to the Company's Board of Directors as Chairman. Mr. Lamarre's experience in international business development, finance, and corporate strategy will be significant as Arianne progresses with the development of its Lac à Paul project. \nNamed Brian Ostroff as the Company's CEO.  Mr. Ostroff's past experience in finance and corporate structuring will help Arianne as it pursues both strategic partnerships and securing the necessary financing to develop the Lac à Paul project.\nAdvanced discussions with potential corporate, strategic and financial partners.  The discussions centre on determining the types of financing structures and amounts of financing needed to begin construction of the Company's Lac à Paul project.\nContributed to the port facilities project being carried out by the Port of Saguenay.  This work will allow the Port of Saguenay to secure necessary federal government approval for the construction of expanded port facilities.\n\n\"2015 was a tremendous year for Arianne as we hit on all of our major milestones,\" said Brian Ostroff, CEO of Arianne Phosphate.  \"With Lac à Paul now fully permitted, our first quarter efforts have been focused on discussions with potential corporate, strategic and financial partners aimed at moving the project to...

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