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Arianne to Change Name to Arianne Phosphate Inc.; Sells Non-Phosphate Assets

d'Arianne Resources Inc. (DAN.V) will seek shareholders' approval to change its name to "Arianne Phosphate Inc." at its next annual general meeting of shareholders in May, 2013 to recognize the focus of its activities on developing the Lac a Paul phosphate deposit. Such name change will also be subject to regulatory approval.

The company also announced its intention to divest all non-phosphate exploration properties in order to focus exclusively on becoming a "leading Canadian Phosphate producer."

DAN edged up by a cent, or about 1% to $1.13. Over 81,000 DAN shares have changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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