On July 28, 2008, Inmet Mining Corporation announced that it had filed the formal offer for all of the outstanding common shares of Petaquilla Copper Ltd. (PTC-TSX) with Canadian securities regulators and has mailed the offer and related documents to Petaquilla Copper shareholders.

Under the offer, Petaquilla Copper shareholders will receive Cdn $2.00 per share in cash. The offer represents a 108 percent premium to the closing price of the shares on the Toronto Stock Exchange as at July 4, 2008, the last trading day immediately prior to announcement of the offer, and a premium of 85 percent to the 20-day volume weighted average price as at the same date.

The offer will be open for acceptance until 5:00 p.m. (Toronto time) on September 3, 2008, unless extended or withdrawn. The offer is subject to certain conditions, including among other things, the Petaquilla Copper shareholder rights plan being waived, invalidated or cease-traded, receipt of all necessary regulatory clearances, the absence of any material adverse change in Petaquilla Copper and minimum acceptance of the offer by Petaquilla Copper shareholders holding at least 50.1 percent of the outstanding shares of Petaquilla Copper calculated on a fully-diluted basis. Full details of the offer are included in the formal offer and take-over bid circular.


Related Documents:

Offer and Take-over Bid Circular
Letter of Transmittal
Notice of Guaranteed Delivery