SAGUENAY, QUEBEC – (October 3, 2022) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: 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, is pleased to announce that Geneviève Ayotte, will be joining the Company as its Chief Financial Officer (CFO) replacing Pier-Élise Hébert-Tremblay.
Ms. Ayotte is a member of the Certified Professional Accountants of Quebec and graduated from HEC Montréal with a Bachelor’s in Business Management and a D.E.S.S. in public accounting (2008). Outside of Ms. Ayotte’s accounting profession, she also serves as President of Women in Mining – Montreal. Since 2008, Ms. Ayotte developed extensive mining knowledge, specifically in public accounting at PricewaterhouseCoopers LLP (PwC). Among the many mining clients, she worked with, Ms. Ayotte had been an important member of the team working on the Arianne account from 2016 to 2021 serving, most recently, as audit director. “Geneviève is an experienced professional with an intimate knowledge of Arianne,” said Dominique Bouchard, Executive Chairman of Arianne Phosphate. “She will be an asset as we continue our discussions with potential partners to participate in bringing the Lac à Paul project into production.”
“Arianne would like to thank Pier-Élise for her many years of dedicated service, most recently as our CFO. We wish her success in her new endeavors,” said Jeffrey Beck, CEO of Arianne Phosphate.
In conjunction with Mrs. Ayotte joining the Company, Arianne announces a grant of 200,000 stock options. Each Option entitles the holder to purchase one common share of the Company until September 30, 2032 at a price of $0.395 per share, this being the closing price of the Company’s shares on the trading day preceding the date of the grant. The Options are subject to a vesting period and are also subject to regulatory approval.
Raphael Gaudreault, eng., Qualified Person by NI 43-101, has approved this release. Mr. Gaudreault is also the Company’s Chief Operating Officer.