Arianne Resources Gives Effect to its Strategy of Focusing its Efforts on the Lac à Paul Project; Sells Off Two of its Properties
(firmenpresse) - SAGUENAY, QUEBEC -- (Marketwired) -- 05/22/13 -- Arianne Resources Inc. ("Arianne" or the "Company") (TSX VENTURE: DAN)(FRANKFURT: JE9N)(OTCBB: DRRSF) would like to announce the sale of its Brouillan Ouest and Heva properties to Exploration NQ Inc. (TSX VENTURE: NQE) and Midland Exploration Inc. (TSX VENTURE: MD) respectively. Both of these decisions give effect to Arianne's strategy of focusing its efforts on developing its open-pit phosphate mine project at Lac a Paul and selling off its non-phosphate assets.
Brouillan Ouest: Following the issuing of 1,000,000 shares to Arianne, at a deemed price of 5 cents per share, Exploration NQ Inc. acquires 100% of the cell claims that make up the Brouillan Ouest property. This acquisition ends the option agreement that Exploration NQ Inc. held on said claims. However, Arianne retains 2% royalties on the foundry's net revenue (NSR), half of which (1% NSR) is redeemable at any time, in consideration of the $1,000,000 cash payment.
Heva: Midland Exploration Inc. acquires, in consideration of a $30,000 cash payment and the issuing of 60,000 common shares of its share capital to Arianne, 100% of the rights on two separate blocks made up of 4 and 25 cell claims respectively. Midland Exploration Inc. agrees to assume obligations resulting from 2% royalties on the foundry's net revenue (NSR) which is payable to the initial prospectors of said Heva property
Arianne Resources () owns and is developing the Lac a Paul phosphate-titanium deposit that will produce a superior grade apatite concentrate grading 39% P2O5. The Company currently has 77 million shares issued.
Follow Arianne on:
Facebook :
Twitter :
YouTube :
Flickr :
Resource Investing News :
Neither TSX Venture Exchange nor its Regulation Service Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for either the adequacy or accuracy of this press release.
Contacts:
Source:
Jim Cowley, president
801-599-3789
Info:
Derek Lindsay, CFO
514-594-2372
Media:
Jean-Philippe Cote
514-754-9407
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2013 - 12:34 Uhr
Sprache: Deutsch
News-ID 262445
Anzahl Zeichen: 0
contact information:
Town:
SAGUENAY, QUEBEC
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 208 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Arianne Resources Gives Effect to its Strategy of Focusing its Efforts on the Lac à Paul Project; Sells Off Two of its Properties"
steht unter der journalistisch-redaktionellen Verantwortung von
Arianne Resources Inc. and Arianne Phosphate (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
