Apoquindo Minerals Inc.
TSX VENTURE : AQM
BVL : AQM

Apoquindo Minerals Inc.

October 10, 2008 09:21 ET

Apoquindo Minerals Inc. Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 10, 2008) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM)(BVL:AQM) is pleased to announce a non-brokered private placement of up to 10,000,000 units at a price of $0.50 per unit for gross proceeds of $5,000,000. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for two years at a price of $0.75 during the first year at a price of $1.00 during the second year. Notwithstanding the foregoing, the Company may accelerate the expiry date of the warrants upon 30 days notice to the holders if the closing price of the common shares of the Company on the TSX Venture Exchange is equal to or greater than $1.25 per common share during the first year of the warrants for 20 consecutive trading days or equal to or greater than $1.50 per common share for 20 consecutive trading days during the second year of the warrants. The proceeds of the private placement will be used to fund exploration programs on Apoquindo's mineral properties and for general working capital purposes.

The private placement is subject to regulatory approval.

The Company is a mineral exploration company based in Vancouver, British Columbia and its principal business activity is the acquisition, exploration and development of mineral properties located in Latin America.

ON BEHALF OF THE BOARD OF DIRECTORS

Cesar Lopez, APOQUINDO MINERALS INC.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Apoquindo Minerals Inc.
    Winnie Wong
    Chief Financial Officer
    (604) 687-3520
    (604) 688-3392 (FAX)
    or
    Kin Communications Inc
    Arlen Hansen
    (604) 684-6730 or Toll Free: 1-866-684-6730
    (604) 684-6740 (FAX)
    Email: ir@kincommunications.com