Teck and Inmet to Proceed With Petaquilla Copper Project

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[{"type":"text","content":"\n\n\n\nTrading Symbol\n\n\nTSX: PTC\n\n\nVANCOUVER, April 7 /CNW Telbec/ - On March 28, 2008, Petaquilla\nCopper Ltd. (TSX: PTC) ("Petaquilla") received notice from Teck Cominco\nLimited ("Teck") of Teck's "Final Commitment" under the shareholders'\nagreement among Petaquilla, Teck and Inmet Mining Corporation ("Inmet") with\nrespect to the Petaquilla Copper Project in Panama.\n\n\nTeck's Final Commitment is Teck's written notice given to each of\nPetaquilla and Inmet unconditionally confirming that Teck will participate in\nall required work plans and budgets for development operations for the purpose\nof achieving commercial production in accordance with the shareholders'\nagreement.\n\n\nPetaquilla notes the joint news release of Teck and Inmet of March 26,\n2008, announcing their decision to proceed with the Petaquilla Copper project,\nand regards the announcement as a huge endorsement of both the project and\nPetaquilla's perseverance from two highly respected international mining\ncompanies.\n\n\nAbout Petaquilla Copper - Petaquilla Copper Ltd. is a resource\ndevelopment company headquartered in Vancouver, Canada. Its shares are listed\non the Toronto Stock Exchange under the symbol PTC.\n\n\n On behalf of the Board of Directors\n of PETAQUILLA COPPER LTD.\n\nRichard Fifer\nChief Executive Officer and Director\n\n\nNO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED\n\n\nHEREIN.\n\n\n","length":1600,"tagName":"div"}]

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