Mr. Richard Fifer reports
PETAQUILLA MINERALS LTD. SIGNS US$25M FACILITY
Further to the press release dated Jan. 8, 2015, on Jan. 15, 2015, Petaquilla Minerals Ltd. signed an investment trust profit-sharing facility at 60 per cent Petaquilla Minerals and 40 per cent Baseline Financial Group S.A. Ten per cent of the profit will go toward the administration of the trust.
This will ensure the optimization and development of the gold-processing project in Molejon, province of Colon, republic of Panama. Baseline Financial Group provides a facility of $25-million (U.S.) for the initiation of gold production operations, which are slated to start Feb. 1, 2015. This financing will provide the resources necessary to ensure that the company expeditiously moves toward finalizing its financial statements for fiscal year 2014 and other regulatory requirements.
We seek Safe Harbor.
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