TORONTO, ONTARIO--(Marketwired - May 1, 2014) - AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM" or "the Company") is pleased to announce the appointment of Mr. David W. Peat as an independent director to its board.
Mr. Peat has over 30 years of executive experience in financial leadership of mining corporations. He has significant expertise in the areas of mergers and acquisitions and regulatory compliance. Mr. Peat brings a wealth of knowledge gathered from his various positions as a member of senior management teams and Boards of Directors.
Mr. Peat has held multiple executive positions including Vice President and Chief Financial Officer of Frontera Copper, Vice President and Global Controller of Newmont Mining and Vice President of Finance and Chief Financial Officer of Homestake Mining.
Mr. Peat is currently a director and chairman of the Audit Committees of Fortune Bay Corp., Gabriel Resources Ltd. and Sunshine Silver Mines Corporation.
Mr. Peat is a CPA, CA, who began his career at Price Waterhouse in Toronto, has been a member of the Institute of Chartered Accountants of Ontario since 1978. Mr. Peat earned a Bachelor of Commerce, Honors Business Administration from the University of Windsor, Ontario, and a Bachelor of Arts in Economics from the University of Western Ontario.
AQM President and CEO, Bruce Turner, stated, "Mr. Peat´s extensive experience in the mining industry and financial management will provide valuable insights as AQM Copper progresses the development of its Zafranal Project."
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Turner, President and CEO
About AQM Copper
AQM Copper Inc. is a Canadian based mineral exploration company exploring and developing copper deposits in South America. Through its 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, Compañia Minera Zafranal. MAQM is owned 60% by AQM, and 40% by Mitsubishi Materials Corporation, pursuant to a transaction outlined in the Company's news release of July 2, 2013. As such, the Company has a 30% beneficial ownership interest in the Zafranal Project. The Company's management and directors have extensive experience working for the world's largest mining copper producers and investment banking backgrounds. Please refer to the Company's website at www.aqmcopper.com for further information regarding the Company and the Zafranal Project.
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