TORONTO, ONTARIO--(Marketwired - Feb. 10, 2015) - AQM Copper Inc. ("AQM Copper Inc." or the "Company") (News - Market indicators) announces that it has extended its contractual agreement with Pinnacle Capital Markets Ltd. ("Pinnacle") to develop and provide investor relations services for the Company.
The term of the agreement is for a period of one year (the "Term") and may be extended at any time during the Term for an additional one year by written agreement of the parties. AQM Copper Inc. will compensate Pinnacle with a monthly retainer of $3,000 and may issue, at the sole discretion of the board of directors of the Company, incentive stock options to be granted pursuant to the Company's stock option plan (the "Option Plan") and the rules of the TSX Venture Exchange. The agreement is subject to the approval of the TSX Venture Exchange.
About Pinnacle
Pinnacle Capital Markets LTD. is a Toronto based advisory firm that provides full range of services to publicly- listed companies operating primarily in the mining, oil and gas, technology and renewable energy sectors. They also assist private companies develop and define a capital markets strategy for future public listing. Their objective is to work closely with their clients to achieve key investor relations goals such as: assist in positioning their client in the context of the public markets, enhance visibility within the financial community, increase liquidity through enhanced retail and institutional awareness, attract and increase equity research coverage, and assist in identifying much needed growth capital. PCM believes that a successful investor relations program depends on a multifaceted approach, including an effective strategy, tactical execution, thoughtful advice, and ongoing communication.
About AQM Copper
AQM Copper Inc. is a Canadian based mineral exploration company exploring and developing copper deposits in South America. The Company's management and directors have extensive experience working for the world's largest mining copper producers and financial institutions. Through its wholly owned 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 releases of July 2 and August 15, 2013. As such, the Company has a 30% beneficial ownership interest in the Zafranal Project. On September 12, 2013, the Company published an updated preliminary economic assessment ("PEA") on the Zafranal Project outlining financial projections for an open pit mine processing 44,000 t/d of mill feed. The PEA showed an after-tax net present value, at an 8% discount rate, of US$616 million on a 100% basis.
Please refer to the Company's website at www.aqmcopper.com, for further information regarding the Company and its projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Turner, President and CEO
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.
