Arianne creates new phosphate subsidiary

Saguenay, Quebec-Arianne Resources Inc. has created a new subsidiary, Canada Phosphate Inc., which will include Arianne’s Lac à Paul phosphorus-titanium project. Arianne will own 100% of the shares of Canada Phosphate. The company is currently negotiating with different potential partners in order to advance this deposit to the production phase. The company has recently appointed Daniel Boulianne as vice president, exploration. The company said he has over 25 years of mining experience in Quebec, Ontario, Mexico, West Africa, and French Guyana. He, along with Dr. Nadège Tollari, vice president, research and development, will also work in Canada Phosphate Inc.