SAGUENAY, QUEBEC--(Marketwire - Feb. 27, 2012) - The management of Arianne Resources Inc. (the "Company") (TSX VENTURE:DAN) (FRANKFURT:JE9N) (OTCBB:DRRSF) is pleased to announce the commencement of a 12 month engagement period wherein Louis Morin will take on the role of development advisor to the Company. Services to be spearheaded by Louis Morin include: corporate strategy, creation of marketing materials, news flow planning, investor relations consulting, and other corporate development duties targeting the mining sector. Such services will not include market making activities.
In consideration of the services to be provided, the Company has agreed to pay a monthly retainer of $6,000 to Louis Morin over the engagement period. In addition, the company has granted Louis Morin options to purchase 175,000 common shares of the Company at an exercise price of $1.07, subject to regulatory approval.
Based in Montréal, Louis Morin is a specialist in Investor Relations. Mr. Morin has been involved in the Canadian public markets for almost 25 years, initially as a broker and more recently as a consultant. He worked as Account Executive and Investment Advisor with major Canadian brokerage firms. His duties included assistance in company listings and financing. Prior to his involvement in the financial industry, Louis worked on major civil engineering projects including the James Bay project in Quebec, the Trans Canadian pipeline and Lavalin projects in Algeria.
Arianne Resources (www.arianne-inc.com) through its wholly owned subsidiary Canada Phosphate (www.canadaphosphate.com) owns and is developing the Lac a Paul phosphate-titanium deposit that produces a superior grade apatite concentrate grading close to 39% P2O5. Arianne Resources also owns several other exploration properties exploring for gold, silver and other metals in Canada and Mexico. The Company currently has 67 M shares issued.
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