SAGUENAY, QUEBEC--(Marketwire - June 5, 2009) - The management of Arianne Resources Inc. (TSX VENTURE:DAR)(FRANKFURT:JE9)(OTCBB:DARUF) ("Arianne" or "Company") wishes to inform its shareholders that a special annual meeting will take place at Hotel Gouverneurs Place Dupuis, in Montreal, Qc., on June 11, 2009 at 3 pm.
Arianne will ask shareholders to approve a share consolidation where each tranche of 5 current shares will be exchanged for 1 new share of the Company. This consolidation will result in a reduction in the Company's outstanding shares to approximately 21,000,000 shares. This would greatly facilitate future financings and improve share price in order to realize the real value of the Lac a Paul deposits.
Recent developments :
- Coniagas Resources Inc. (TSX VENTURE:CNY) announced on May 27, the signing of an agreement with Arianne regardin a portion of the Komo property in James Bay (see http://www.arianne-inc.com/baie_james.php,). The presence of lithium on this property was known and the Company is proud that a company such as Coniagas which is dedicated to the development of lithium, develops a portion of this property.
- The Company also signed on June 3rd, 2009, an option agreement where Big Bang Ressources Ltd, an Amos based private exploration company, acquires a 100% interest in the Standard Gold gold property (see http://www.arianne-inc.com/ressource.php). Big Bang will issue 100,000 shares to Arianne at the signature. Big Bang will also issue 100,000 shares at each anniversary dates for the next 4 years. Arianne retains a 2 % NSR.
- Bay Stream Ventures was recently hired to find a suitable buyer for the Lac a Paul phosphorous deposits. They will be Europe next week to meet with potential buyers.
- Discussions are ongoing with potential partners regarding Arianne's gold and silver projects in Mexico. If these discussions lead to a spin-off operation, as previously planned, the ratio for the share dividend would be adjusted with the June 11 consolidation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Source: Arianne Resources Inc.
Mr. Bernard Lapointe
Mr. Norman Forrest, consultant