Petaquilla Minerals Ltd. (TSX:PTQ - News)(OTC.BB:PTQMF - News)(Frankfurt:P7Z - News) ("Petaquilla" or the "Company") announces
the results of its Annual General Meeting of Shareholders (the
"Meeting") held in Vancouver, BC, on November 29, 2010.
At the Meeting, the following board
members stood for election and were duly elected to hold office until the
next Annual General Meeting: Raul Ferrer, Richard
Fifer, David Kaplan and David Levy. Ernst & Young LLP, Chartered
Accountants, was re-appointed as auditor of the Company for the ensuing year
and the directors were authorized to fix the remuneration to be paid to the
auditor. In addition, the Company's shareholders approved, without amendment,
two ordinary resolutions, the first of which approved the Shareholder Rights
Plan dated October 18, 2010, and the second of which increased the maximum
number of shares that may be issued under the Company's stock option plan
from 10,700,000 to 12,500,000.
Following the meeting, Richard Fifer, Petaquilla's Executive Chairman, provided the Company's
latest corporate presentation, which is also available for viewing on the
Company's website.
No other business was brought before the
meeting.
The Company was pleased to see that
49.26% of its outstanding shares were represented at the Meeting and wishes
to thank its shareholders for the high voter turnout.
About Petaquilla
Minerals Ltd. - Petaquilla Minerals Ltd. is a gold
producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. The plant utilizes three
ball mills and a carbon-in-pulp processing facility. Anticipated throughput
for the project during the first year of commercial production is estimated
to be 2200 tonnes per day. The Molejon
mine site is located in the south central area of the Company's 100% owned
842 square kilometer concession lands, a region known historically for its
gold content.
On behalf of the Board of Directors of PETAQUILLA
MINERALS LTD.
Richard Fifer, Executive Chairman of the
Board
No stock exchange has approved or
disapproved the information contained herein.
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