SAGUENAY, QUEBEC - (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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.CONTACT INFORMATION:Source: Arianne Resources Inc.
Mr. Bernard Lapointe
CEO
418-549-7316
Fax: 418-549-5750
bernard@arianne-inc.com
or
For info:
Mr. Norman Forrest, consultant
450-736-0453
norman@arianne-inc.com