Arianne Phosphate Re-elects Directors, Bouchard Becomes Advisor
Arianne Phosphate shareholders re-elected five directors; former Executive Chairman Dominique Bouchard transitions to strategic advisor role.
DANA Inc currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Arianne Phosphate said shareholders at its annual meeting Wednesday re-elected five directors and approved the company's stock option plan. Jeffrey Beck, James Cowley, Marco Gagnon, Siva Pillay and Steven Pinney will serve on the board.
Dominique Bouchard did not stand for re-election after 13 years on the board, including nearly nine as executive chairman. He will stay on as a strategic advisor.
Marco Gagnon, who became executive chairman, said Bouchard's contribution was instrumental in achieving milestones. “We are also very pleased to continue benefiting from his expertise and sound counsel in his new role as Strategic Advisor,” Gagnon said.
Arianne is developing the Lac a Paul phosphate deposit about 200 km north of Saguenay. A 2013 feasibility study projected a high-grade igneous apatite concentrate grading 39% P2O5 with minimal contaminants. The company trades on the TSX Venture Exchange under the ticker DAN.
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