Archive for June, 2010

27 JunPetaquilla Minerals Ltd.: Update on Petaquilla Infrastructure Ltd.

VANCOUVER, BRITISH COLUMBIA, Jun 24, 2010 –
Petaquilla Minerals Ltd. (“Petaquilla” or the “Company”)(CA:PTQ 0.35, +0.01, +1.47%) (PTQMF 0.33, +0.00, +1.01%)(FRANKFURT: P7Z) today announced an update on Petaquilla Infrastructure Ltd.

Petaquilla Infrastructure Ltd. has changed its name to Panamanian Development and Infrastructure Ltd. (“PDI”) and is in the process of completing an initial round of seed capital, to which Petaquilla has subscribed for a 47.78% interest in PDI. Richard Fifer, as Chairman, David Kaplan, Joao Manuel, Pedro Pablo Permuy and Jorge Silen have been appointed to the Board of Directors of PDI. Further, in order to develop the infrastructure business, PDI’s Board of Directors have appointed a management team consisting of Rodrigo Esquivel as President, Joao Manuel as Chief Executive Officer, and Antonio Renom as Chief Operating Officer. Messrs. Esquivel, Manuel and Renom, who together bring experience in management, infrastructure development, financing and law, will oversee the daily operations of PDI.

In a subsequent step yet to be completed, Petaquilla plans to further capitalize PDI through the contribution of infrastructure assets (heavy equipment used during construction of the Molejon gold plant but no longer required for the gold production operation), which will increase its equity percentage in PDI. PDI will then seek financing of $2 million through a private placement to address the funding requirements of PDI’s projects.

PDI has identified numerous business opportunities in Panama, including the development of mini hydro (run of river) plants, transmission lines, road and bridge building, and the manufacturing of construction materials, such as high strength construction bricks. Once the business has been established and gained a foothold in the construction market, Petaquilla intends to present a Plan of Arrangement, or some other tax favourable mechanism, for approval by the Toronto Stock Exchange and Petaquilla’s shareholders. The exchange ratio for the proposed future spin-out, as previously announced, will be one (1) share of PDI for every four (4) shares of Petaquilla.

About Petaquilla Minerals Ltd. – Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. Commercial production commenced January 8, 2010. The Molejon mine site is located in the south central area of the Company’s 100% owned 842-square kilometre concession lands, a region known historically for gold content.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

Richard Fifer, Chairman of the Board of Directors

Petaquilla Minerals Ltd.

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16 JunPanamanian Government Authorizes Commercial Production at Molejon

Richard Fifer Web
Petaquilla Minerals Ltd.
TSX: PTQ
OTC Bulletin Board: PTQMF
FRANKFURT: P7Z
Petaquilla Minerals Ltd.

Nov 18, 2009 09:25 ET

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 18, 2009) – Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) (“Petaquilla” or the “Company”) is pleased to announce that the Government of the Republic of Panama has granted approval for Petaquilla’s Molejon gold mine to advance to the commercial production stage.

In accordance with Contract Law No. 9 of February 26, 1997, the Ministry of Commerce and Industry of the Government of Panama issued a letter to the Company dated November 18, 2009, authorizing Petaquilla‘s subsidiary, Petaquilla Gold, S.A., to initiate commercial production at its Molejon gold mine located in the District of Donoso, Province of Colon, Republic of Panama.

The Government of Panama highlighted that Molejon will be the country’s first mining project of modern times and encouraged the Company to maintain its highest standards of responsible mining as it leads the way to a socially and environmentally conscious mining industry in Panama.

The Molejon gold mine is currently in its final stages of full commissioning. Since testing of production commenced resulting in the Company’s first gold pour on April 7, 2009, the mine has produced a total of 25,699 ounces of gold.

About Petaquilla Minerals Ltd. – Petaquilla Minerals Ltd. is an emerging gold producer commissioning the operation of its gold processing plant at its 100% owned Molejon Gold Project. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. The plant utilizes three ball mills and a carbon-in-pulp processing facility.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

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16 JunPetaquilla Minerals Ltd. Closes Private Placement Financing

Richard Fifer Web
Petaquilla Minerals Ltd.
TSX: PTQ
OTC Bulletin Board: PTQMF
FRANKFURT: P7Z
Petaquilla Minerals Ltd.

May 21, 2010 15:00 ET

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 21, 2010) – Petaquilla Minerals Ltd. (the “Company”) (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that it has closed its previously announced non-brokered private placement. As an update to its news releases of March 15, 2010, and April 22, 2010, the Company has issued 4,000,080 Units at a price of Canadian $0.50 per Unit, raising gross proceeds of Canadian $2,000,040.

Each Unit consists of one common share and one-half of one common share purchase warrant, whereby each full warrant entitles the holder to purchase one additional common share of the Company for a period of two years from closing at an exercise price of Canadian $0.85 per share.

The securities distributed under the private placement are subject to a four-month plus one day hold period expiring on September 22, 2010.

The proceeds from the private placement will be used for repayment of debt, for completion and development of the Company’s Molejon gold project in Panama, for exploration of the Company’s Oro del Norte mineral concession in Panama, and for working capital.

In connection with the closing of the private placement, the Company has paid finders’ fees in the amounts of $100,002 cash and 100,002 warrants, which are also exercisable for a period of two years from closing at a price of Canadian $0.85 per share.

The securities sold have not, nor will they be registered under the United States Securities Act of 1933, as amended or applicable state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of a U.S. person, as such term is defined in Regulation S under the U.S. Securities Act, other than through registration or an applicable exemption from U.S. federal and state registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Petaquilla Minerals Ltd. – Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. Commercial production commenced January 8, 2010. The Molejon mine site is located in the south central area of the Company’s 100% owned 842-square kilometre concession lands, a region known historically for gold content.

On behalf of the Board of Directors of

PETAQUILLA MINERALS LTD

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16 JunPetaquilla Fulfilling Responsabilities

Richard Fifer Web, Petaquilla Fulfilling Responsabilities

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Petaquilla Gold, SA
INFORMS THE COMMUNITY
IN GENERAL THAT:
In fulfilling its duties and responsibilities established by  law, The National Bureau of Mineral Resources on one hand and National Environmental Authority on the other, as a result of its monitoring program of the Molejón Mining Project PETAQUILLA GOLD, SA, stating the proper management of cyanide in the production process of gold and in compliance with the mitigation measures of mining projects, evidence of this, the certifications below:


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03 JunMining in panama

Richard Fifer - Petaquilla Richard Fifer believes that mankind with its achievements with their strengths and defects has been able to achieve a balance between the uses of natural resources essential for survival while maintaining respect for the environment. In the beginning we were fruit pickers, somehow, accidentally or not, we tested the flesh of animals, then began to grow our own products, making us sedentary, while domesticated animals would supply our nutritional needs.

This is how the Stone Age began, therein man created tools out of rocks as their hunting implements, for defense and managed to cover other needs. Later we came to know the different uses of iron and thus was born the iron age, so that mining has been a faithful companion of humanity from its remotest beginnings using iron preceded by the use of copper and tin, known as the Bronze Age.

Humans have had to draw on mineral resources to survive and to lay the foundations of progress. Richard Fifer believes there is no civilization or culture that has not collected and processed natural resources and minerals which, as a primary sector of all economies, has been fundamental to the very existence of the planet.

Richard Fifer states that gold appears in all these cultures as a good and not just any good, but the good that establishes the pattern of value or merchandise reference value and all important treatises economists from Smith, Ricardo, Marx and all their contemporaries.

That’s why exploration, search and study of new deposits of gold, is nothing other than a natural process of growth and development of humanity, Richard Fifer believes this to be a fact. The countries that are blessed with these sites, are also in the obligation to explore them responsibly, so it is imperative that the application of modern cleaner technologies be developed. Let us celebrate today in a responsible manner the beginning of a new era in mining and Petaquilla Gold, with its project Molejón, the flagship of modern mining in the region, will play its role in the history of that process, which started when our ancestors understood that with a rock you could develop tools.

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