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Panama Miner Lands Convertible Debt

Mar 31, 2009

Petaquilla Minerals, which operates the Molejon gold project in Panama, has issued $40m in convertible senior secured notes. Each $1,000 note is convertible into common shares at CAD2.25 per share....

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

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