Apoquindo Minerals Inc.

Apoquindo Minerals Inc.

July 07, 2009 17:35 ET

Apoquindo Minerals Inc. Completes Second Tranche of Non-Brokered Private Placement and Raises a Total of Over $7 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2009) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM)(BVLAC:AQM) is pleased to announce that in addition to the closing of the private placement on June 26, 2009, it has completed a second tranche of the non-brokered private placement of 119,813 units at a price of $0.65 per unit for gross proceeds of $77,878. With the two tranches of the private placement closed, the Company sold 10,862,958 units and raised a total of $7,060,923.

Each unit consists of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share for two years at a price of $0.90 during the first year and at a price of $1.10 during the second year. The securities issued under the second tranche of the private placement are subject to a four month hold period expiring on November 7, 2009. A finder's fee ranges from 6% to 7% was paid on a portion of the placement in accordance with the policies of the TSX Venture Exchange. The private placement and payment of the finder's fee are subject to TSX Venture Exchange final acceptance. The proceeds of the private placement will be used to fund exploration programs on the Company's mineral properties and for general working capital purposes.

ABOUT APOQUINDO: The Company is a Canadian based mineral exploration company whose principal purpose is the acquisition and development of base and precious metal deposits in South America. The Company has two projects in Peru through its wholly owned Peruvian subsidiary, Minera Koritambo SAC: the Zafranal Copper-Gold Porphyry Project (recently optioned from Teck Resources Limited), located in the Paleocene Southern Peru Cu-Porphyry Belt, in the department of Arequipa, Peru and the Pachagon Porphyry Copper Project, located in the department of La Libertad, Peru. In Chile, the Company has a joint venture, Antakena Mining, with Minera S.A. to advance the Apoquindo Copper Oxide Project comprised of highly prospective leachable copper deposits under option located in a historic mining district in the Antofagasta Region's Coastal Range. Please refer to www.apoquindominerals.com for further information regarding the Company and its projects.

Management and directors have extensive experience working for the world's largest mining companies as well as several junior exploration companies. Apoquindo Minerals has offices in Santiago, Chile, Lima, Peru and Vancouver, Canada and will continue to expand its business using its effective team of experts in Exploration, Geology, Metallurgy, Mine Engineering, Law and Finance. Apoquindo is well positioned for success. Our Projects are uniquely valuable, and our knowledgeable management and directors provide a "pipeline" of growth opportunities.

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.

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