14:12:48 EST Mon 17 Feb 2020
Enter Symbol
or Name

Arianne Phosphate Inc
Symbol DAN
Shares Issued 105,803,943
Close 2019-01-23 C$ 0.433
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Arianne Phosphate appoints Malashewsky CFO

2019-01-24 09:12 ET - News Release

Mr. Brian Ostroff reports


Arianne Phosphate Inc. has appointed Andrew Malashewsky as its new chief financial officer. Mr. Malashewsky will be replacing 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 its portfolio companies through its 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, chief executive officer 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 advisers, 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 Jan. 23, 2029, at a price of 43.25 cents 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-Sebastien David, PGeo, qualified person by National Instrument 43-101, has approved this release. Mr. David is also the company's chief operating officer.

About Arianne Phosphate Inc.

Arianne Phosphate is developing the Lac a Paul phosphate deposits located approximately 200 kilometres north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high-quality igneous apatite concentrate grading 39 per cent P2O5 (phosphate) with little or no contaminants (feasibility study released in 2013).

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