Petaquilla Copper Ltd.

Petaquilla Copper Ltd.

December 14, 2007 18:00 ET

Petaquilla Copper Ltd.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2007) - Petaquilla Copper Ltd. (the "Company") is pleased to announce that, subject to regulatory approval, it has negotiated a non-brokered private placement offering of up to 14,500,000 Units at a price of $3.50 per Unit for maximum gross proceeds in the amount of $50,750,000 CAD.

Each Unit will consist of one common share and one-half of one share purchase warrant, where each full warrant entitles the holder to purchase an additional common share of the Company for a period of two years at a price of $5.50 per share.

The proceeds of the private placement will be used for general corporate purposes and working capital to advance the Petaquilla copper project in Panama.

About Petaquilla Copper Ltd. - Petaquilla Copper Ltd. ("Copper") is a British Columbia company which entered into a Plan of Arrangement with Petaquilla Minerals Ltd. ("PTQ") pursuant to which PTQ transferred to Copper an indirect 52% equity interest in Minera Petaquilla S.A. The Plan of Arrangement became effective on October 18, 2006. Copper is in the process of applying for a listing on a major Canadian Stock Exchange.

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

John Cook, President and Director

No stock exchange has approved or disapproved the information contained herein.

Contact Information

  • Petaquilla Copper Ltd.
    John Cook
    President and Director
    (604) 694-0021 or Toll Free: 1-877-694-0021
    (604) 694-0063 (FAX)
    Website: www.petaquillacopper.com