SAGUENAY, QUEBEC–(Aug. 24, 2012) - The board of directors of Arianne Resources Inc. (the “Company”) (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) approved a modification to the Company’s Stock option plan that will increase the number of options available for grant to 6,780,000 or less than 10 % of the Company’s issued shares. The previous plan permitted the grant of 6,400,000 stock options. This modification is subject to the approval of the TSX Venture Exchange.
Arianne Resources (www.arianne-inc.com) through its wholly owned subsidiary Canada Phosphate(www.canadaphosphate.com) owns and is developing the Lac a Paul phosphate-titanium deposit that produces a superior grade apatite concentrate grading close to 39% P2O5. Arianne Resources also owns several other exploration properties exploring for gold, silver and other metals in Canada and Mexico. The Company currently has 68 M shares issued.
Follow Arianne on:
Ressources Investing News: http://resourceinvestingnews.com/?s=Arianne
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.