12:00 PM EST - Petaquilla Minerals Ltd. : announced that it has closed non-brokered private placement of 24 million common shares at $0.50 per Share, raising gross proceeds of $12 million. In connection with the closing, the company has paid finders' fees of $600,000 cash. The company will use the proceeds for repayment of debt and further development of Molejon gold mine in Panama. Petaquilla Minerals Ltd.
shares T.PTQ are trading down $0.01 at $0.64.
