Inmet’s Takeover of Petaquilla Minerals Squashed by Shareholders

The Financial Post reported that Inmet Mining Corp’s hostile takeover bid  for Petaquilla Minerals Ltd. has failed due to a lack of support from Petaquilla shareholders.

As quoted in the market report:

The two companies own projects side-by-side in Panama, and the failure of the bid means that the status quo in the region will continue for the time being. Inmet is developing the giant Cobre Panama copper project, while Petaquilla operates a small gold mine right next door.

To view the whole Financial Post report, click here.