SAGUENAY, QUÉBEC–(Sept. 11, 2013) - Arianne Phosphate Inc. (the “Company” or “Arianne”) (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) announces the appointment of Pierre Fitzgibbon to its Board of Directors.
Pierre Fitzgibbon has 25 years’ experience in Finance, Mergers and Acquisitions and Strategic planning in Canadian and international markets. He is currently the President and Chief Executive Officer and serves on the board of Atrium Innovations Inc. Prior to that Pierre worked with National Bank of Canada as Chief Financial Officer and was Vice Chairman Corporate and Investment Banking at National Bank Financial. Also he served for 4 years on the Board of the Caisse de Dépôt et Placement du Québec
Pierre also brings extensive experience in management and financing having held executive positions in New World Mobility, in Finance and Business Development at Chase Capital Partners, in Telesystem International Wireless, and in Domtar, Peerless Carpet Corporation and Price Waterhouse Coopers.
Pierre is a member of the Ordre des Comptables Agréés du Québec (OCAQ). He holds a bachelor’s degree in business administration from the École des Hautes Études Commerciales of Montreal and a certificate in general management from Harvard Business School.
Commenting, Guthrie Stewart, the Interim Chairman of the Board said: “With Pierre’s addition, our Board has again added to the depth of industry, mining and financing experience in Quebec and International markets that we have gathered to carry the Lac a Paul project forward concurrent with completing the feasibility study”.
The Board has granted 200,000 stock options (collectively, the “Options”) to Mr. Fitzgibbon in accordance with Arianne’s stock option plan (the “Plan”) and stock option grant policy (the “Policy”).
Each Option entitles the holder to purchase one common share of the Company until September 10, 2023 at a price of $1.19 per share, being the closing price of the Company’s shares on the trading day preceding the date of grant. The Options are subject to a three year vesting period under the Plan and the Policy, and are also subject to regulatory approval.
About Arianne Phosphate
Arianne Phosphate (“Arianne Phosphate Inc.”) (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits located approximately 200 km in the north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits should produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminant. The Company has 79 million shares outstanding.
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.
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