Arianne Phosphate is announcing that it will issue 6,080,939 common shares at a price of $0.3229 per share, in lieu of cash, as its annual interest payment to Mercury Financing Corp. as at, March 31, 2024. As part of the agreement with Mercury, Arianne has at its sole option the ability to pay its interest by way of cash or shares and, such cash amount would have been equal to $1,963,535. The Company has elected to pay this amount in common shares with these securities issued being subject to a hold period ending August 1, 2024. As well, Arianne has been able to negotiate a cap in the amount it can pay in order to repur...