diff --git a/aioxmpp/version.py b/aioxmpp/version.py
index 07e38762..cd2b6cfe 100644
--- a/aioxmpp/version.py
+++ b/aioxmpp/version.py
@@ -20,7 +20,7 @@
 #
 ########################################################################
 
-version_info = (0, 7, 0, None)
+version_info = (0, 7, 1, None)
 
 __version__ = ".".join(map(str, version_info[:3])) + ("-"+version_info[3] if
                                                       version_info[3] else "")
diff --git a/setup.py b/setup.py
index eea738dd..8f132d18 100644
--- a/setup.py
+++ b/setup.py
@@ -40,7 +40,7 @@
     url="https://github.com/horazont/aioxmpp",
     author="Jonas Wielicki",
     author_email="jonas@wielicki.name",
-    license="GPLv3",
+    license="LGPLv3+",
     classifiers=[
         "Development Status :: 3 - Alpha",
         "Intended Audience :: Developers",