Arianne Phosphate Appoints Andrew Malashewsky As Its New Chief Financial Officer
Press Release
SAGUENAY, QUEBEC – (January 24, 2019) – 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 the appointment of Andrew Malashewsky as its new Chief Financial Officer (“CFO”). Mr. Malashewsky will be replacing Mr. James Cowley, who has been serving as Arianne’s interim CFO.
Mr. Malashewsky is a Chartered Professional Accountant and began his career with Grant Thorton LLP before joining JDS Energy & Mining. During his time at JDS, Mr. Malashewsky was active in assisting several of their portfolio companies through their project finance and, in the case of JDS Silver, was part of the team that ran, and ultimately completed the sale process to Coeur Mining.
“Andrew is a welcomed addition to the senior management team,” said Brian Ostroff, CEO of Arianne Phosphate. “Given Andrew’s experience in successfully completing several project financings and M&A transactions, he is a perfect fit for where Arianne is now. Andrew will be working closely with myself, our advisors and potential offtake and strategic partners to help advance our Lac a Paul project into development.”
In conjunction with the appointment, Mr. Malashewsky has been granted 100,000 stock options. Each Option entitles the holder to purchase one common share of the Company until January 23, 2029 at a price of $0.4325 per share, this being the closing price of the Company’s shares on the trading day preceding the date of grant. The Options are subject to a vesting period under the Plan and the Policy and are also subject to regulatory approval.
Qualified Person
Jean-Sébastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David is also the Company’s Chief Operating Officer.
About Arianne Phosphate
Arianne Phosphate (“Arianne Phosphate Inc.”) (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants (Feasibility Study released in 2013). The Company has 105,803,943 million shares outstanding.
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Contact Information:
Source: Jean-Sébastien David, C.O.O. Tel. : 418-549-7316 j.s.david@arianne-inc.com
Info: Brian Ostroff, C.E.O. Tel. : 514-908-4202 brian.ostroff@arianne-inc.com
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