VANCOUVER, BRITISH COLUMBIA -- 11/09/09 --
Apoquindo Minerals Inc. (TSX VENTURE: AQM)(BVLAC: AQM) is pleased to announce that 1,057,500 warrants were exercised at a price of $0.75 providing the company with proceeds of Cdn$793,125; the remaining 1,598,825 warrants are now exercisable at a price of Cdn$1 and will expire October 31, 2010.
"The exercise of these warrants demonstrates the continued strong shareholder support for the company's projects and management.
The private placement that gave rise to these warrants was done at the bottom of the financial crisis in October 2008 when shareholders chose to support the company.
It was during this financial crisis that, Juan Villarzu, the Company's Chairman, and former President of Codelco, the world's largest copper company, foresaw copper reaching US$3.00 in 2010. With future copper fundamentals so strong, management seized the moment to build its project portfolio and is now focused on increasing the Company's share value through the development of Zafranal, the Copper-Gold porphyry project in Southern Peru, and through its interest in the Antakena Copper Oxide Joint Venture project in Northern Chile." stated Stephanie Ashton, Chief Financial Officer of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Turner, President and CEO
ABOUT APOQUINDO
ABOUT APOQUINDO: The Company is a Canadian based mineral exploration company whose principal purpose is the acquisition and development of base 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's Peruvian subsidiary, Teck Cominco Peru S.A.), 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.
APOQUINDO MINERALS INC.: This news release may contain forward-looking information including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.
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.
Contacts:
Apoquindo Minerals Inc.
Stephanie Ashton
Chief Financial Officer
+562-231-5780
+562-321-9070 (FAX)
info@apoquindominerals.com
www.apoquindominerals.com
Kin Communications Inc
Arlen Hansen
Local: 604-684-6730
Toll Free: 1-866-684-6730
(604) 684-6730; (604) 684-6740 (FAX)
ir@kincommunications.com
