Vancouver, BC - July 22, 2014: Further to its news releases of May 8, 2014 and May 27, 2014, Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") announces the closing of the amendment to the Commercial Agreement Term Sheet dated May 23, 2013 (the "Second Amendment") executed May 8, 2014, between the Company and Minera Panama, S.A. ("MPSA"), a subsidiary of First Quantum Minerals Ltd.
Vancouver, BC - May 27, 2014: Further to its news release of May 12, 2014, Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") announces that it has executed the early payout of the existing gold and silver prepayment agreements, as well as the convertible loan previously negotiated with Deutsche Bank AG and, consequently, has obtained the full release of all existing encumbrances on the Company's assets.
Vancouver, BC - May 12, 2014: Further to its news release of May 8, 2014, Petaquilla Minerals Ltd. (“Petaquilla” or the “Company”) announces that its commercial agreement with Minera Panama, S.A., a subsidiary of First Quantum Minerals Ltd., both formalizes their commitment to the economic and social development of the Petaquilla mining district in Panama and provides the Company important capitalization to advance its growth strategy.
Vancouver, BC - May 8, 2014: Minera Panama, S.A. (“MPSA”) a subsidiary of First Quantum Minerals Ltd. (“First Quantum”, TSX Symbol “FM”, LSE Symbol “FQM) and Petaquilla Minerals Ltd. (“PTQ”, TSX Symbol “PTQ”, OTCBB Symbol “PTQMF”, FWB Symbol “P7Z”) today announced the execution of an amendment to the Commercial Agreement Term Sheet dated May 23, 2013 (“Second Amendment”).
Petaquilla Minerals Ltd. and First Quantum Minerals Ltd. In Discussion Over Panama Operations Property Rights
Vancouver, BC - March 31, 2014: Further to its news releases of February 18, 2014, and March 3, 2014, Petaquilla Minerals Ltd., and certain of its wholly owned subsidiaries (collectively, "Petaquilla"), announces that it is in discussion with First Quantum Minerals Ltd., and certain of its subsidiaries (collectively, "First Quantum"), with respect to the relationship between Petaquilla and First Quantum in order to ensure the development of the Cobre Panama copper project is optimized.
Welcome to Petaquilla
Petaquilla Minerals Ltd. is a gold producer that operates its wholly owned Molejon gold mine in Panama and owns exploration and development stage projects in Spain and Portugal. The Molejon mine commenced commercial production in January 2010 and has production capacity of approximately 3,500 tonnes per day. The mine is located in the Donoso District, Colon Province of Panama, 130 kilometres west of Panama City and is adjacent to First Quantum Minerals Ltd.’s world-class $6.5 billion Capex Cobre Panama copper project.
The Lomero-Poyatos Project is a polymetallic deposit located near Huelva in the Andalusia autonomous community of Spain in the prolific Iberian Pyrite Belt, which extends from southwestern Spain into Portugal. The Company also is moving forward with the nearby San Telmo project, which was historically mined for principally zinc and some gold credits in the 1960s. The Portuguese gold projects, Banjas and Jales-Gralheira, are formerly producing mines located near the Oporto region.
Panama Development of Infrastructures, S.A. (“PDI”) is the wholly owned infrastructure, mining services and construction subsidiary of Petaquilla Minerals Ltd. PDI is an active participant in Panama’s infrastructure industry and is well positioned in the emerging mining services sector. PDI is currently engaged in aggregate mining and sales. The company is analyzing new business opportunities to increase PDI’s portfolio of projects and to resume its plans to spin out PDI to Petaquilla shareholders with plans to go public 12 months after the spin out.