Petaquilla Minerals Ltd.

Petaquilla Minerals Ltd.

April 21, 2015 11:22 ET

Petaquilla Files Formal Civil Complaint Against Global Hunter Securities LLC

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 21, 2015) - Petaquilla Minerals Ltd (OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or the "Company") On April 20, 2015, Petaquilla Minerals LTD. Filed an action against Global Hunter Securities, LLC in the United States District Court for the Southern District of New York seeking in excess of one hundred million dollars in damages arising from Global Hunter Securities, LLC's alleged breach of a confidentiality agreement when Global Hunter Securities was involved in a $200M bond offering by Petaquilla in 2012. The company will continue to provide updates as warranted.

About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project which is in process of reactivation and is located in the south central area of Panama. In addition, the Company has exploration operations located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.

Forward-Looking Statements: Certain statements contained in this press release constitute forward- looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. Petaquilla believes that the expectations reflected in these forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward- looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. Petaquilla undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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

Richard Fifer, Executive Chairman


Contact Information

  • Petaquilla Minerals Ltd.
    (604) 694-0021
    Toll free: 1-877-694-0021
    (604) 694-0063 (FAX)