03:56 PM EST - Inmet Mining Corporation : reiterated its intention to make an offer to acquire all of the outstanding common shares of Petaquilla Minerals Limited (Petaquilla Minerals) as announced on September 5. Inmet notes that in an announcement yesterday Petaquilla Minerals indicated it is proceeding with a proposed offering on a private placement basis of $210 million U.S. aggregate principal amount of senior secured notes due 2017. Inmet's intention to make the Offer is subject to a number of conditions including that Petaquilla Minerals not complete the proposed $210 million U.S. or other debt or equity financings. Inmet Mining Corporation
shares T.IMN are trading down $0.84 at $48.62.
