AQM Copper Inc. Enters Into Agreement With Pinnacle Capital Markets for Investor Relations
The term of the agreement is for a period of one year (the 'Term') and may be extended at any time during the Term for an additional one year by written agreement of the parties. AQM Copper Inc. will compensate Pinnacle with a monthly retainer of $7,000 and issue 50,000 incentive stock options to be granted pursuant to the Company's stock option plan (the 'Option Plan') and the rules of the TSX Venture Exchange. The options are exercisable at a price of $0.39 for one year in accordance with the Option Plan and will vest in four equal installments every three months commencing on the grant date. In addition, the Company has agreed to issue an additional 50,000 incentive stock options on July 18, 2012 at the then-prevailing market price in the event certain conditions are met. The agreement is subject to the approval of the TSX Venture Exchange.
About Pinnacle
Pinnacle Capital Markets LTD. is a Toronto based advisory firm that provides full range of services to publicly-listed companies operating primarily in the mining, oil and gas, technology and renewable energy sectors. They also assist private companies develop and define a capital markets strategy for future public listing. Their objective is to work closely with their clients to achieve key investor relations goals such as: assist in positioning their client in the context of the public markets, enhance visibility within the financial community, increase liquidity through enhanced retail and institutional awareness, attract and increase equity research coverage, and assist in identifying much needed growth capital. PCM believes that a successful investor relations program depends on a multifaceted approach, including an effective strategy, tactical execution, thoughtful advice, and ongoing communication.
About AQM Copper
AQM Copper Inc. (formerly Apoquindo Minerals) is a Canadian based mineral exploration company developing copper deposits in South America. Through its wholly owned Peruvian subsidiary, Minera AQM Peru SAC, the Company is developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru. Minera AQM Peru SAC is the operator of a 50/50 JV with Teck Resources Limited through a sole purpose Peruvian company formed for Zafranal as announced in its press release on July 8, 2010. The Zafranal project has NI43-101 compliant measured and indicated resources of 301 million tonnes grading 0.47% copper and 0.08 grams per tonne gold, and an inferred resource of 51 million tonnes grading 0.32% copper and 0.06 grams per tonne gold. Management and directors have extensive experience working for the world's largest mining Copper producers. Please refer to the Company's website www.aqmcopper.com for further information regarding the Company and its projects.
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.
Contacts:
To speak with an Investor Relations representative, please contact:
Pinnacle Capital Markets LTD.
Spyros P. Karellas
416-800-8921 (office) or 416-433-5696 (mobile)
Spyros@pinnaclecapitalmarkets.ca
Pinnacle Capital Markets LTD.
Stephen Goodfellow
416-900-3719 (office)
Stephen@pinnaclecapitalmarkets.ca