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Arianne Phosphate completes CAN$1.5 million financing

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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."

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