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Inmet’s Takeover of Petaquilla Minerals Squashed by Shareholders
Nov. 06, 2012 09:04AM PST
Base Metals Investing 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.
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.
