Arianne Phosphate (TSE:DAN) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Arianne Phosphate is issuing over 6 million of its common shares instead of cash for its annual interest payment to Mercury Financing Corp, and has successfully negotiated a cap on its royalty buyback at $6.75 million. The company has also initiated a partnership with Impaq Capital Inc. for investor relation services, which includes a six-month agreement and the issuing of 150,000 stock options. This strategic financial management and investor relations enhancement come as the company continues to advance its Lac à Paul phosphate mining project in Quebec.
For further insights into TSE:DAN stock, check out TipRanks’ Stock Analysis page.