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| Home : AQM Copper Announces Completion of Mitsubishi Materials Investment in Zafranal |
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Aug 16
2013 |
AQM Copper Announces Completion of Mitsubishi Materials Investment in Zafranal |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 16, 2013) - AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM " or the "Company") is pleased to announce the completion of the transaction with Mitsubishi Materials Corporation ("MMC") as announced in the Company's press release of July 2, 2013. MMC has invested US$22.60 million and committed an additional US$15.07 million to acquire a 40% interest in the Company´s Peruvian subsidiary Minera AQM Copper Peru S.A.C. ("MAQM"). MAQM owns the Company`s share of the Zafranal Project in a 50/50 joint venture company, Compañia Minera Zafranal (??CMZ??), between MAQM and Teck Resources Limited. This investment results in MMC and AQM having indirect interests of 20% and 30% respectively, in the Zafranal Project in southern Peru. |
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| Source:http://www.marketwire.com/mw/release.do?id=1821756&sourceType=3 |
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