AQM Copper Inc. Issues Bonus Shares Pursuant to Its Stock Option Plan
11.12.2014 | Marketwire
VANCOUVER, Dec 11, 2014 - AQM Copper Inc. ("AQM Copper Inc." or the "Company") (TSX VENTURE:AQM) announces that it has issued an aggregate of 1,750,000 bonus shares (the "Bonus Shares") pursuant to its stock option plan. 1,000,000 Bonus Shares were issued to Bruce Turner, President and Chief Executive Officer of the Company and 750,000 Bonus Shares were issued to Erick Underwood, Chief Financial Officer of the Company. The Bonus Shares were issued at a price of $0.06 on December 11, 2014 and will vest on January 1, 2015. 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 Ltd. through a sole purpose Peruvian company, Compañia 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.
Contact
Pinnacle Capital Markets LTD.
Spyros P. Karellas
Investor Relations representative
(416) 433-5696 / (416) 800-8921
spyros@pinnaclecapitalmarkets.ca
www.aqmcopper.com