AQM Copper Inc.
TSX VENTURE : AQM
BVL : AQM

AQM Copper Inc.

June 16, 2016 05:30 ET

AQM Copper Inc. Issues Bonus Shares, Grants Options and Deferred Share Units

VANCOUVER, CANADA--(Marketwired - June 16, 2016) - AQM Copper Inc. ("AQM" or the "Company") (TSX VENTURE:AQM) announces the grant of share based compensation to management, directors and consultants in recognition of their contributions to the Company in connection with the recently completed preliminary feasibility study on the Company's Zafranal project in Peru. The Company issued an aggregate of 1,997,500 bonus shares (the "Bonus Shares") pursuant to its stock option plan (the "Stock Option Plan"). 1,350,000 Bonus Shares were issued to Bruce Turner, President and Chief Executive Officer of the Company and 647,500 Bonus Shares were issued to Erick Underwood, Chief Financial Officer of the Company. The Bonus Shares were issued at a price of $0.10 on June 14, 2016 and are fully vested upon issuance.

In addition, on June 14, 2016, the Company granted stock options to certain consultants of the Company to purchase an aggregate of 400,000 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.

On June 14, 2016, the Company also granted an aggregate of 1,100,000 deferred share units to certain directors of the Company pursuant to the deferred share unit plan.

ON BEHALF OF THE BOARD OF DIRECTORS

Bruce Turner, President and CEO

About AQM Copper Inc.

AQM Copper Inc. is a Canadian 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. 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 Copper Inc. and 40 % by Mitsubishi Materials Corporation. 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.

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

  • To speak with an Investor Relations representative,
    please contact:
    Spyros P. Karellas
    Pinnacle Capital Markets LTD.
    (416) 433-5696
    spyros@pinnaclecapitalmarkets.ca