Exhibit 99.1
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NEWS RELEASE FOR: | PETAQUILLA MINERALS LTD. |
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Contact person: | Ezequiel Sirotinsky |
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Contact Telephone number: | 604-694-0021 |
PETAQUILLA MINERALS LTD.
Suite 1230, 777 Hornby Street
Vancouver, BC, Canada V6B 4M9
August 19, 2013
NOTICE
(a) | Notice is hereby given, in accordance with Section 4.8 of National Instrument 51-102, that Petaquilla Minerals Ltd. (the Company”) intends to change its year end from May 31 to June 30; |
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(b) | The change of the financial year end from May 31 to June 30 in preparation for the spinout, which the Company intends to make during its 2014 fiscal year, of the Company's infrastructure subsidiary, Panama Desarrollo de Infraestructuras, S.A. ("PDI") as the Company requires more time to ensure accuracy of its financial plan information, allocations between the Company and PDI as well as for audit processes and plan of arrangement preparation; |
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(c) | the Company's old financial year end was May 31; |
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(d) | the Company's new financial year end is June 30; |
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(e) | the length and ending date of the periods, including the comparative periods, of each interim financial report and the annual financial statements to be filed for the Company’s transition year and its new financial year are as follows: |
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Transition | Comparative | New | Comparative | Interim | Comparative | Interim | Comparative |
Year | Annual | Financial | Annual | Periods for | Interim | Periods for | Interim |
| Financial | Year | Financial | Transition | Periods to | New | Periods to |
| Statements to | | Statements to | Year | Interim | Financial | Interim |
| Transition | | New | | Periods in | Year | Periods in |
| Year | | Financial | | Transition | | New |
| | | Year | | Year | | Financial |
| | | | | | | Year |
13 months | 12 months | 12 months | 13 months | 3 months | 3 months | 3 months | 3 months |
ended | ended | ended | ended | ended | ended | ended | ended |
06/30/2013 | 05/31/2012 | 06/30/2014 | 06/30/2013 | 08/31/2012 | 08/31/2011 | 09/30/2013 | 08/31/2012 |
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| | | | 6 months | 6 months | 6 months | 6 months |
| | | | ended | ended | ended | ended |
| | | | 11/30/2012 | 11/30/2011 | 12/31/2013 | 11/30/2012 |
| | | | | | | |
| | | | 9 months | 9 months | 9 months | 9 months |
| | | | ended | ended | ended | ended |
| | | | 02/28/2013 | 02/28/2012 | 03/31/2014 | 02/28/2013 |
| | | | | | | |
| | | | 13 months | 12 months | 12 months | 13 months |
| | | | ended | ended | ended | ended |
| | | | 06/30/2013 | 05/31/2012 | 06/30/2014 | 06/30/2013 |
(f) | the filing deadlines, prescribed under sections 4.2 and 4.4 of National Instrument 51-102, for the annual financial statements and interim financial reports for the Company’s transition year are as follows: |
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| (i) | The filing deadline for the Company’s annual audited financial statements for the 13-month period ended June 30, 2013, is September 28, 2013; and |
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| (ii) | Interim financial reports must be filed on or before the 45th day after the end of the interim period. |
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| PETAQUILLA MINERALS LTD. | |
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| Per: | “Ezequiel Sirotinsky” | |
| | Ezequiel Sirotinsky, | |
| | Chief Financial Officer | |