Apoquindo Minerals Inc.
TSX VENTURE : AQM
BVLAC : AQM

Apoquindo Minerals Inc.

March 12, 2010 08:00 ET

Apoquindo Minerals Inc. Announces Increased Financing to a Total of $33,500,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2010) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Apoquindo Minerals Inc. (TSX VENTURE:AQM)(BVLAC:AQM) ("the Company") is pleased to announce a non brokered private placement in addition to the brokered private placement that was announced by the Company on February 26, 2010.

In the February 26, 2010 news release, the Company announced a brokered private placement for up to 23,530,000 Units for gross proceeds of up to $20,000,500 with the option to increase the size of the Offering by up to an additional 3,530,000 Units (the "Agent's Option"), for aggregate gross proceeds under the Offering of $23,000,100 if the Agent's Option is exercised in full.

Today, the Company is pleased to announce a concurrent non-brokered private placement of up to 12,352,940 units ("Units"), priced at $0.85 per Unit, for gross proceeds of up to $10,500,000 (the "Offering"). Each Unit is comprised of one common share (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder to acquire one additional Common Share at a price of $1.00 per share for a period of 48 months following the closing of the Offering. The Units will be subject to a four-month hold period under applicable Canadian securities laws. The non-brokered private placement is being carried out due to the demand from current shareholders and management to participate in the Company's current financing efforts.

The Offering is subject to acceptance by the TSX Venture Exchange (the "Exchange"). A finder's fee may be payable in accordance with the policies of the Exchange.

The net proceeds from the Offering will be principally used to advance the Zafranal porphyry Copper Gold Project located in the department of Arequipa, Peru and for working capital purposes. The Offering is expected to close on or about March 17, 2010.

ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Turner, President and CEO

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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 Information