Arianne Phosphate secures favourable power agreement with the Government of Québec

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[{"type":"text","content":"\n\n\n- Confirms 115 megawatt (MW) block of electricity at preferential\n industrial sector rate- \n\n\nDAN: TSX-V (Canada)\nJE9N: FSE (Germany)\nDRRSF: OTC BB (USA) \n\n\nSAGUENAY, QC, June 18, 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\n Phosphate Project in Québec's Saguenay region, is pleased to announce\n that it has secured a favourable power agreement with the Ministry of\n Energy and Natural Resources. The agreement confirms that 115-MW of\n power from Hydro-Québec will be made available for the Lac à Paul\n Project at a preferential and reduced rate (Rate L). Details of the\n agreement were laid out in a letter to Arianne dated May 21, 2014.\n\n\nThe agreement further strengthens the economics of the Lac à Paul\n Project, allowing the Company to produce its high quality phosphate\n concentrate at favourable operating costs.\n\n\nArianne Phosphate's Chief Operating Officer Jean-Sébastien David said,\n \"This agreement continues to demonstrate the Québec Government's\n support for the Lac à Paul Project and is further evidence of the\n significant economic benefits that Lac à Paul will bring to both Québec\n and the Saguenay-Lac-Saint-Jean region. We would like to thank the\n Government of Québec for their continued support of our world-class\n project.\"\n\n\nAbout Arianne Phosphate\n\n\nArianne Phosphate (\"Arianne Phosphate Inc.\") (www.arianne-inc.com) is developing the Lac à Paul Phosphate Project which is located\n approximately 200 km north of the Saguenay/Lac St. Jean area in Quebec,\n Canada. As per Arianne's October 2013 Bankable Feasibility Study, the\n Project will produce a high quality igneous apatite concentrate grading\n 39% P2O5 with little or no contaminants. The Company has 87, 087, 755 million\n shares outstanding.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nFollow Arianne on:\n\n\nFacebook: https://www.facebook.com/ariannephosphate\nTwitter: http://twitter.com/arianne_dan\nYouTube: http://www.youtube.com/user/ArianneRes...

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