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Weekly Round-Up
Petaquilla Minerals raises new cash for Molejon mine development
30 November 2009
Petaquilla Minerals, the TSX and OTC Bulletin Board listed gold producer, has negotiated a non-brokered private share placing priced at C$0.50 per share to raise C$12 million (£6.9 million).
Proceeds from the fundraising will be used to pay down debt and further development of the company’s 100% owned Molejon gold mine in Panama.
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Mining
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