SAGUENAY, QUÉBEC--(Marketwire - April 19, 2012) - The management of Arianne Resources Inc. (the "Company") (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) is pleased to announce the appointment of L. Derek Lindsay as Chief Financial Officer effective May 1, 2012. Mr. Lindsay replaces Luc Boivin, interim CFO since December 2011. Bernard Lapointe, CEO of the Company, expressed his thanks to Mr. Boivin for his handling of the Company's financial affairs during this transition period.
"Derek is a seasoned financial executive with a successful record of maximizing value for shareholders. He brings to the Company proven expertise in raising equity and project finance, creatively structuring strategic partnerships, and completing acquisitions and divestitures. As well, he has a strong operational finance background, particularly in forecasting, reporting and compliance, and a successful record of achieving objectives through innovative thinking and an effective management style" said Mr. Lapointe.
"Derek's addition to Arianne helps to solidify our management team as we accelerate development of our Lac à Paul phosphate project, and take the Company to the next level. His skills in deal structuring and closing complex transactions will assist us as we review all alternatives to maximize value for our shareholders." added Mr. Lapointe.
Mr. Lindsay joins Arianne from Sierra Financial Corp., a consulting company offering financial, strategic and capital markets advice to growing companies in the mining and other sectors, where he served as partner. He brings broad experience, in Canada and internationally, from senior financial roles at Cryocath, Aeroplan, and Bell Canada International ('BCI)" as well as Imasco and CIBC Wood Gundy. At BCI, he served as CFO of Comcel, one of South America's largest cellular phone companies. Mr. Lindsay holds an MBA from the Tuck School of Business at Dartmouth and a Bachelor of Arts (Economics and French) from Middlebury College.
Effective May 1, 2012, Mr. Lindsay shall receive options to purchase 200,000 common shares of the Company (the "Options"), subject to regulatory approval. In accordance with the Company's stock option plan, the exercise price of the Options shall be equal to the closing price of the Company's shares on the TSX Venture Exchange on the trading day immediately preceding the effective date. In addition, the Company announces the grant of 100 000 options to RBL Communication at the price of 1.18$, subject to regulatory approval.
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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