SAGUENAY, QUEBEC, Feb. 14, 2011 (Marketwire) --
The management of Arianne Resources Inc. (the "Company")(TSX VENTURE:DAN)(FRANCFORT:JE9N)(OTCBB:DRRSF) is pleased to announce the commencement of a 12 month engagement period wherein Javelin Corporate Development Partners Inc. ("Javelin" or "Javelin Partners") will take on the role of development advisor to the Company. Services to be spearheaded by Javelin include: corporate strategy, forecasting, creation of marketing materials, news flow planning, investor relations consulting, and other corporate development duties targeting the mining sector. Such services will not include market making activities.
In consideration of the services to be provided, the Company has agreed to pay a monthly retainer of $5,000 to Javelin over the engagement period. In addition, the company has granted Javelin options to purchase 160,000 common shares of the Company at an exercise price of $1.13, subject to regulatory approval.
About Javelin Partners
Javelin Corporate Development Partners is a Toronto based mining industry consulting firm that assists junior resource companies in effectively communicating their stories to the market. Clients are selected in instances where Javelin has identified opportunities to unlock and expose previously unrealized shareholder value. Launched in October 2010, the Javelin team is headed by Jed Richardson, Principal.
Arianne Resources (www.arianne-inc.com ) through its wholly owned subsidiary Canada Phosphate (www.canadaphosphate.com ), owns and is developing the Lac a Paul phosphate-titanium deposit that produces a superior grade apatite concentrate grading close to 40% P2O5. Arianne Resources also owns several other exploration properties exploring for gold, silver and other metals in Canada and Mexico. The Company currently has 52 M shares issued.
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