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AQM

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Share Name Share Symbol Market Type
TSXV:AQM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

AQM Copper Inc. Completes Non-Brokered Private Placement

15/11/2013 10:00pm

Marketwired Canada


AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM" or the "Company") is pleased
to announce that it has completed a non-brokered private placement consisting of
an aggregate of 33,477,727 common shares in the capital of the Company at a
price of $0.11 per common share for total gross proceeds of $3,682,550 (the
"Private Placement"). Management and Directors purchased 3,153,182 common shares
and now hold approximately 3.3% of the issued shares of the Company. Teck
Resources Limited purchased 22,454,545 common shares and now holds 19.9% of the
issued and outstanding common shares of the Company. AQM has entered into a
Shareholder Support Agreement ("Support Agreement") that grants Teck a
pre-emptive right to participate on a pro rata basis in future equity financings
by the Company and to maintain its percentage interest in the outstanding common
shares of the Company so long as it holds not less than 5% of the issued and
outstanding common shares. The Support Agreement also grants Teck the right to
nominate one director for election to the AQM Board for so long as it holds at
least 5% of the issued and outstanding common shares of the Company. If Teck
nominates a candidate for election to the AQM Board at a general meeting of
shareholders the Company is obligated to include such candidate in proxy
materials sent to shareholders and use its commercially reasonable best efforts
to cause the election of such candidate to the AQM Board. Where Teck nominates a
candidate it is obligated to vote its shares in favour of candidates nominated
for election to the AQM Board by the Company. The common shares issued under the
Private Placement are subject to a four month hold period expiring on March 16,
2014. The Company has paid a finder's fee of 6% in cash in connection with
certain subscriptions under the Private Placement in accordance with the
policies of the TSX Venture Exchange. The proceeds from the Private Placement
will be used for funding general working capital. 


On Behalf of the Board

Bruce L. Turner

President and Chief Executive Officer

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, Compania 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. 


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. 


Cautionary Note Regarding Forward-Looking Information

Except for statements of historical fact relating to AQM Copper Inc., certain
information contained herein constitutes "forward-looking statements".


Forward-looking statements include statements that are predictive in nature,
depend upon or refer to future events or conditions, or include words such as
"expects", "anticipates", "plans", "believes", "considers", "intends",
"targets", or negative versions thereof and other similar expressions, or future
or conditional verbs such as "may", "will", "should", "would", and "could". We
provide forward-looking statements for the purpose of conveying information
about our current expectations and plans relating to the future and readers are
cautioned that such statements may not be appropriate for other purposes. By its
nature, this information is subject to inherent risks and uncertainties that may
be general or specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove to be
accurate, that assumptions may not be correct and that objectives, strategic
goals and priorities will not be achieved. These risks and uncertainties include
but are not limited to those identified and reported in AQM Copper Inc's public
filings, which may be accessed at www.sedar.com. Other than as specifically
required by law, the Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made, or to reflect the occurrence of unanticipated
events, whether as a result of new information, future events, results or
otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
Pinnacle Capital Markets LTD.
Spyros P. Karellas
(416) 433-5696
(416) 800-8921
spyros@pinnaclecapitalmarkets.ca

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