Arianne Phosphate, Saguenay, Quebec, a development-stage phosphate mining company advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, has added Jean Fontaine to its board of directors. Fountaine is the founder and president of JEFO Nutrition Inc., which markets non-medicated nutritional solutions for animals to some 80 countries.
In conjunction with Fontaine’s appointment, he has been granted 200,000 stock options. Each option entitles the holder to purchase one common share of the company until Feb.18, 2029, at a price of C$0.40 per share, this being the closing price of the company’s shares on the trading day preceding the date of the grant. The options are subject to a three-year vesting period, and are also subject to regulatory approval.