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Article Excerpt
M2 PRESSWIRE-15 September 2008-InvestSource, Inc.: Arianne Resources Inc. Announces Acquisition of 4 Claims(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:15092008
Stocks in the news: Arianne Resources Inc. (OTC:DARUF.PK), Alcoa (NYSE:AA), National Coal Corp. (Nasdaq: NCOC), Oilsands Quest Inc. (AMEX:BQI)
September 12, 2008 - The management of Arianne Resources Inc. (CDNX:DAR.V)(Frankfurt:JE9.F)(Other OTC:DARUF.PK) ("Arianne") is pleased to announce the acquisition of 4 additional claims directly adjacent to its Lac A Paul phosphorus project, located 150 km North of Lac St-Jean in Quebec.
The terms of the deal specify that Arianne will acquire 100% of the 4 claims in exchange of a cash payment of $15,000 and the issuance of 300,000 common shares of Arianne, to the 2 arm's length sellers. The sellers keep a 1.5% NSR, repurchasable for $ 1,000,000. Following this agreement, Arianne now has 100% ownership on 253 claims and 12 claims of the property are owned at 85% by Arianne while mining Fund Saguenay-Lac-St-Jean owns 15%. The property covers an area of about 15,000 hectares.
Work in progress: Note that the results of the sampling campaign made in the summer of 2008 on the property are very conclusive. Of the 95 samples assayed, 41 samples have returned values greater than 3% P2O5, 25 samples have returned values greater than 4% P2O5, 12 samples...
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