Press Releases

Arianne Phosphate extends credit facility

Arianne Phosphate is pleased to announce the extension of its secured credit facilities held with Mercury Financing Corp. (“Mercury”). The extended secured credit facilities are in the aggregate amount of $28,942,259 and will have a maturity of June 15, 2021. These credit facilities will continue to bear interest at an annual rate of 15%, with all interest capitalized through maturity.

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Arianne Phosphate closes on $1.5 million financing

Arianne Phosphate is pleased to announce that it has closed on a $1.5 Million financing. Subscribers to this financing were predominantly institutional and included Funds that have been long-time investors in Arianne. Additionally, the Government of Quebec added 3,333,333 units to its holdings in the Company by way of investment in this placement through Investissement Quebec.

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