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Published on 9/14/2009 in the Prospect News Convertibles Daily and Prospect News High Yield Daily.

Petaquilla buys back $6 million of its senior notes, convertible notes

By Devika Patel

Knoxville, Tenn., Sept. 14 - Petaquilla Minerals Ltd. said it bought back $6 million of its senior secured notes and convertible senior secured notes for $6.21 million.

The total amount paid for the notes is comprised of $6 million of principal and $208,843.91 of interest.

The company has $69.76 million of its senior and convertible senior notes outstanding after this purchase.

Vancouver, B.C.-based Petaquilla is an emerging gold producer.


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