Petaquilla Copper Ltd.

Petaquilla Copper Ltd.

July 08, 2008 09:00 ET

Petaquilla Copper Ltd. Responds to Announcement by Inmet Mining Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Petaquilla Copper Ltd. ("Petaquilla Copper" or the "Company") (TSX:PTC) notes the announcement by Inmet Mining Corporation ("Inmet") (TSX:IMN) of Inmet's intention to acquire 100% of the outstanding shares of Petaquilla Copper. The offer is subject to a minimum 50.1% tender on a fully-diluted basis.

The Board of Directors of Petaquilla Copper will make its recommendation to the Company's shareholders once it has reviewed the full details of the offer. Until the Company completes its review, it will not comment further or speculate as to any future course of action it might take.

Genuity Capital Markets is acting as financial advisor to the Company and Blake, Cassels & Graydon LLP is acting as legal counsel.

About Petaquilla Copper Ltd. - Petaquilla Copper Ltd. is a resource development company headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange under the symbol PTC.

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)