AQM Copper Inc. Grants Options
01 August 2014 - 7:31AM
Marketwired Canada
AQM Copper Inc. ("AQM Copper Inc." or the "Company") (TSX VENTURE:AQM) announces
that it has granted stock options to certain directors and officers of the
Company to purchase an aggregate of 2,900,000 common shares in the capital of
the Company, each at an exercise price of $0.10 per share for a period of five
years pursuant to the Company's Stock Option Plan.
About AQM Copper
AQM Copper Inc. is a Canadian based mineral exploration company exploring and
developing copper deposits in South America. The Company's management and
directors have extensive experience working for the world's largest mining
copper producers and financial institutions. Through its wholly owned Peruvian
subsidiary, Minera AQM Copper Peru S.A.C., ("MAQM"), the Company is developing
the Zafranal Copper-Gold Porphyry Project located in Southern Peru (the
"Zafranal Project"). MAQM is the operator of a 50/50 joint venture with Teck
Resources Limited through a sole purpose Peruvian company, Compania Minera
Zafranal. MAQM is owned 60% by AQM, and 40% by Mitsubishi Materials Corporation,
pursuant to a transaction outlined in the Company's news releases of July 2 and
August 15, 2013. As such, the Company has a 30% beneficial ownership interest in
the Zafranal Project. On September 12, 2013, the Company published an updated
preliminary economic assessment ("PEA") on the Zafranal Project outlining
financial projections for an open pit mine processing 44,000 t/d of mill feed.
The PEA showed an after-tax net present value, at an 8% discount rate, of US$616
million on a 100% basis.
Please refer to the Company's website at www.aqmcopper.com, for further
information regarding the Company and its projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Turner, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
FOR FURTHER INFORMATION PLEASE CONTACT:
To speak with an Investor Relations representative,
please contact:
Spyros P. Karellas
Pinnacle Capital Markets LTD.
(416) 433-5696 / (416) 800-8921
spyros@pinnaclecapitalmarkets.ca
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