SmallCapNews | Petaquilla Minerals raises new cash for Molejon mine development

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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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