SAGUENAY, QUEBEC, Feb 01, 2010 -- Arianne Resources Inc. ("Arianne" or the "Company") (DAN)(FRANKFURT: JE9N)(OTCBB: DRRSF) management is pleased to announce the closing of private placements with two foreign investment Funds, one from Australia and one from Switzerland.
"We are very pleased to see that foreign investment funds are looking at the Company. Our discussions focused mainly on our Lac a Paul phosphorus/titanium project of which the development continues" stated Mr. Bernard Lapointe, president of the Company. As a reminder, the Company has recently concluded a closing with three other Canadian Funds bearing the total institutional investment in Arianne to $ 600,000.
The latest placement consists of $ 225 000 invested in common shares at the price of $0.15. Each common share comes with one half common share purchase warrant (at the price of $0.20 for the first 12 month and $0.30 between 13th month and 24th month). The new shares are subject to a four-month minimum hold period. This financing is subject to the approval of the TSX Venture Exchange. This financing will be used to continue the development on the titanium/phosphorus deposits of Lac a Paul, Quebec.
Arianne Resources is a Canadian exploration company with the mission of exploring, finding and developing gold, silver and phosphorus deposits in Canada and Mexico. After this closing, the Company has less than 26 million shares issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Mr. Bernard Lapointe, CEO
418-549-7316
418-549-5750 (FAX)
bernard@arianne-inc.com
For info:
Arianne Resources Inc.
Mr. Norman Forrest, Director
450-736-0453
norman@arianne-inc.com
