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Petaquilla Minerals Nearly 9% Higher; Provides Update on Acquisition of Iberian Resources

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Petaquilla Minerals (PTQ.TO) went up by about 9% to 74 cents on Wednesday afternoon after announcing an update on its acquisition of Iberian Resources Corp.

The company said a special shareholders meeting will be held on August 31, 2011 where shareholders will be asked to consider and, if thought fit, to approve an ordinary resolution authorizing the issuance by the Company of up to 50 million common shares of the company, representing approximately 28.3% of the issued and outstanding number of Petaquilla shares as at July 27, 2011.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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