Junior miner Arianne Phosphate, Saguenay, Quebec, which is advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, has appointed Claude Lafleur, agr, to the board of directors. The company notes that he brings extensive experience in the agribusiness field, having served in senior management positions with several companies. For 16 years he was with Coop fédérée, including eight years as CEO. He was also CEO of IFFCO Canada, the Canadian subsidiary of Indian Farmers Fertilizer Cooperative Ltd., India’s largest fertilizer manufacturer.
Lafleur is currently a member of Anges Quebec (Quebec Angels) Capital, a fund sponsored by Investissement Québec, Caisse de dépôt et placement du Québec, and Fonds de solidarité FTQ. He continues to sit on several boards, including Desjardins Groupe Assurance.
In conjunction with Lafleur’s appointment, he has been granted 200,000 stock options. Each option entitles the holder to purchase one common share of the company until Aug. 29, 2028, at a price of C$0.41 per share, this being the closing price of the company’s shares on the trading day preceding the date of grant. The options are subject to a three-year vesting period under the plan and the policy, and are also subject to regulatory approval.