Petaquilla's new adviser recommends that the company accept the Inmet off to purchase PTQ for $0.15 cash per share immediate payout and one share of Inmet common stock for each 100 shares of PTQ to be distributed July 1016 at start up of Cobre Panama. Petaquilla will continue to exist as a subsidiary of Inmet and Richard Fifer will join Inmet BOD. Management reports that they have contacted all major stockholders and are certain the friendly offer will be approved by a majority. This has huge tax implications for major stockholders and allows them to participate in the development of Cobre Panama with its 50 yr. life.
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