Skip to main content

Arianne Phosphate completes CAN$1.5 million financing

Published by , Editor
World Fertilizer,


Arianne Phosphate has entered into private placement financing for gross proceeds of CAN$1.5 million.

In addition, the Government of Quebec has subscribed to 3.33 million units by investing in this placement through Investissement Québec.

"The recent events surrounding Covid-19 and the resulting disruptions in the food chain, as well as the increased tensions around security of supply, continue to demonstrate the importance of our Lac à Paul phosphate project", said Brian Ostroff, CEO of Arianne Phosphate. “We salute the support of our investors as we continue to move the project towards development for the benefit of all stakeholders and investors. In addition, the continued support of the Government of Quebec is an important element as we all work together to materialise the significant social and economic benefits for the region."

Read the article online at: https://www.worldfertilizer.com/phosphates/15062020/arianne-phosphate-completes-can15-million-financing/

You might also like

Yara signs offtake agreement with ATOME

Yara International ASA has signed a definitive 10-year offtake agreement with ATOME to purchase the entire fertilizer production from the Villeta Project in Paraguay.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Fertilizer project news