Replies to post #23414 on Petaquilla Minerals Ltd. (fka PTQMF)

[VBgood]

So we back to :
Petaquilla es Panama.
It is not for sale, Richard will have to get another PP ,loan or large JV .
Hmm … I thought everyone was so sure that we will be sold ..
Not so fast…

[ptygold]

you are lost. !!!!

[bobby1231]

We are looking for the sale of all of PTQ and we know that can happen so plan accordingly.



Vancouver, BC - October 29, 2012: Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") announced today that its board of directors, after careful consideration with the assistance of its independent financial and legal advisors, voted unanimously to reject the revised hostile offer (the "Revised Offer") announced by Inmet Mining Corporation ("Inmet") to acquire all of the outstanding common shares of Petaquilla at a price of (i) 0.0118 Inmet shares and $0.001 in cash; or (ii) a cash amount that is greater than $0.001 but not more than $0.60, and, if such elected cash amount is less than $0.60, that number of Inmet shares equal to the excess of $0.60 over the elected cash amount, divided by $50.82, per Petaquilla share.

Petaquilla's board of directors unanimously recommends that Petaquilla shareholders REJECT Inmet's Revised Offer and NOT TENDER their common shares, and that any Petaquilla shareholders who have previously tendered their shares into the Revised Offer WITHDRAW them immediately.