|By Marketwired .||
|July 24, 2014 04:37 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/24/14 -- AQM Copper Inc. ("AQM Copper Inc." or the "Company") (TSX VENTURE: AQM)(BVL: AQM) announces that it has granted stock options to David Peat, a director of the Company and Chairman of the Audit Committee, to purchase 250,000 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
To speak with an Investor Relations representative,
Spyros P. Karellas
Pinnacle Capital Markets LTD.
(416) 433-5696 / (416) 800-8921
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