Mr. Jean-Sebastien David reports
ARIANNE CLARIFIES PRICING OF OPTIONS
Arianne Phosphate Inc. has clarified information provided in yesterday's press release (see press release dated Oct. 1, 2019) regarding options granted to both management and the board.
Yesterday's press release indicated that all options granted were at a price of 44 cents per share when, in fact, it was only options granted to management that were priced at 44 cents. Options granted to members of the board, including Arianne's chief executive officer, were priced at 55 cents per share and represent 470,000 of the 540,000 options granted. All other terms and conditions surrounding the options remain the same.
About Arianne Phosphate Inc.
Arianne Phosphate is developing the Lac a Paul phosphate deposits located approximately 200 kilometres north of the Saguenay/Lac Saint-Jean area of Quebec.
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