RE: Is Inmet really after PTQ Per Kitco News posted at 3:05pm EST
PRESS RELEASE
FOR IMMEDIATE RELEASE September 20, 2012
INMET MINING REITERATES INTENTION TO MAKE OFFER TO ACQUIRE PETAQUILLA MINERALS
TORONTO, Canada: Inmet Mining Corporation (IMN-TSX) today reiterated its intention to make an offer (the "Offer") to acquire all of the outstanding common shares of Petaquilla Minerals Limited (Petaquilla Minerals) as announced on September 5, 2012.
Inmet notes that in an announcement yesterday Petaquilla Minerals indicated it is proceeding with a proposed offering on a private placement basis of US$210 million aggregate principal amount of senior secured notes due 2017. Inmet’s intention to make the Offer is subject to a number of conditions including that Petaquilla Minerals not complete the proposed US$210 million or other debt or equity financings.
Inmet anticipates that its formal offer to acquire Petaquilla Minerals will be mailed to Petaquilla Minerals’ shareholders within the next two weeks.
About Inmet
Inmet Mining Corporation is a Canadian-based global mining company that produces copper and zinc. Inmet has three mining operations: Çayeli (Turkey), Las Cruces (Spain) and Pyhäsalmi (Finland), and an 80 percent interest in the Cobre Panama development project, currently in construction.
For Additional Information, Please Contact:
Flora Wood, Director, Investor Relations
+1 416 361 4808