Petaquilla Minerals Ltd.
TSX : PTQ
OTCBB : PTQMF
FRANKFURT : P7Z

Petaquilla Minerals Ltd.

November 25, 2013 09:12 ET

Petaquilla Minerals Ltd. Provides Notice of Trading Suspension and Cease Trade Order

Trading Expected to Resume Next Day

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 25, 2013) - Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or the "Company") announces that the Toronto Stock Exchange has suspended trading of the Company's securities as a result of a Cease Trade Order ("CTO") issued on Friday, November 22, 2013, by the British Columbia Securities Commission ("BCSC"). It is anticipated that, subject to a review of the Company's filings by the BCSC, the CTO will be revoked after market closes today on Monday, November 25, 2013.

The CTO had been issued due to the Company's failure to file its interim financial statements for its quarter ended September 30, 2013, and the associated Management's Discussion and Analysis (collectively, the "Required Filings"). The Required Filings have since been completed and may be viewed under the Company's profile at www.sedar.com.

The CTO requires that all trading in the securities of the Company cease until the Executive Director of the BCSC revokes the CTO. The Company understands that the BCSC will review the Required Filings prior to issuing a revocation and that this review, in combination with the processing time for a revocation order, usually requires one business day to complete. As the BCSC issues orders only after the close of markets, it is anticipated that a revocation of the CTO will be issued after market closes today.

Despite the CTO, a beneficial shareholder of Petaquilla who is not, and was not at the date of the CTO, an insider or control person of the Company may sell securities of Petaquilla acquired before the date of the CTO if the sale is made through a market outside Canada, and the sale is made through an investment dealer registered in British Columbia.

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, located in the south central area of Panama. In addition, the Company has exploration operations at its wholly-owned Lomero-Poyatos Project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.

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

Joao C. Manuel, Chief Executive Officer

NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

Contact Information

  • Petaquilla Minerals Ltd.
    Joao C. Manuel
    Chief Executive Officer
    (604) 694-0021 or Toll free: 1-877-694-0021
    (604) 694-0063 (FAX)
    www.petaquilla.com