Arianne Phosphate (the "Company" or "Arianne") (TSXV: 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, today is announcing that it will issue 3,899,424 common shares at a price of $0.5107 per share, in lieu of cash, as its annual interest payment to Mercury Financing Corp. ("Mercury") as at, March 31, 2023. As per the Company's announcement of March of 2021, Arianne reached an agreement
Arianne Phosphate (the "Company" or "Arianne") (TSXV: DAN) (OTCQX: DRRSF) (FSE: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce that it has received an updated engineering study regarding the projected capital expenditure ("CapEx") for its Lac à Paul phosphate project. The study was undertaken in late 2022 and early 2023 and estimates CapEx for the Lac à Paul project to be approximately US $1
By Faith Ashmore, Benzinga