Petaquilla Responds to Expiry of Inmet Offer
VANCOUVER, BRITISH COLUMBIA, Nov 06, 2012 (Menafn - MARKETWIRE via COMTEX) --Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") PTQM.F(frankfurt:P7Z) acknowledged today theannouncement by Inmet Mining Corporation ("Inmet") of its decision topermit its offer for all of the issued and outstanding shares of theCompany to expire in accordance with the offer's terms.
Petaquilla remains committed to engaging in discussions with Inmet,and other interested parties, to ensure that the value of Petaquillais maximized. In addition, as part of this strategic review process,Petaquilla will continue to implement its business plan, includingthe spin-out of its infrastructure business to shareholders, thedevelopment of its Lomero-Poyatos gold mine in Spain and itspreviously announced high-yield note offering.
Shareholders should contact CST Phoenix Advisors, the informationagent retained by Petaquilla, with any questions or requests forassistance by telephone at 1-800-332-6309 (North American Toll FreeNumber) or 1-201-806-2222 or by email email@example.com. Further, Petaquilla shareholdersare encouraged to regularly visit the Company's website for currentinformation at www.petaquilla.com.
About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversifiedgold producer committed to maximizing shareholder value through astrategy of efficient production, targeted exploration and selectacquisitions. The Company operates a surface gold processing plant atits Molejon Gold Project, located in the south central area of Panama- a region known historically for gold content. In addition, theCompany has exploration operations at its wholly-owned Lomero-Poyatosproject located in the northeast part of the Spanish/Portuguese(Iberian) Pyrite Belt and several other exploration licenses inIberia.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Joao C. Manuel, Chief Executive Officer
NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATIONCONTAINED HEREIN.
Petaquilla Minerals Ltd.
Joao C. Manuel
Chief Executive Officer
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063 (FAX)
CST Phoenix Advisors
North American Toll Free: 1-800-332-6309
Banks, brokers and collect calls: 201-806-2222
Toll Free Facsimile: 1-888-509-5907
SOURCE: Petaquilla Minerals Ltd.
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