PWC Dumping Log due to fatal error

1369462747|pwcCore::Constructor|The pwcCore constructor has been called.
1369462747|pwcCore::_readConfig|Attempting to read the global configuration array.
1369462747|pwcCore::_readConfig|Starting to read the config data.
1369462747|pwcCore::_readConfig|Finished reading the global configuration data.
1369462747|pwcCore::_registerComponents|Attempting to register components.
1369462747|pwcCore::_registerComponents|Starting to search instance configurations for components.
1369462747|pwcCore::_registerComponent|Attempting to register component MySQLDB version 1.0.1
1369462747|pwcCore::_findComponent|Looking for MySQLDB 1.0.1
1369462747|pwcCore::_registerComponent|No manager module available for MySQLDB (/var/www/vhosts/whiskymag.com/httpdocs/includes/pwc/components/MySQLDB/pwc_mysqldb-1.0.1.class.php)
1369462747|pwcCore::_registerComponent|Finished registering component MySQLDB version 1.0.1
1369462747|pwcCore::_registerComponent|Attempting to register component PageTemplate version 1.1.0
1369462747|pwcCore::_findComponent|Looking for PageTemplate 1.1.0
1369462747|pwcCore::_findComponent|Checking MySQLDB 1.0.1
1369462747|pwcCore::_registerComponent|No manager module available for PageTemplate (/var/www/vhosts/whiskymag.com/httpdocs/includes/pwc/components/PageTemplate/pwc_pagetemplate-1.1.0.class.php)
1369462747|pwcCore::_registerComponent|Finished registering component PageTemplate version 1.1.0
1369462747|pwcCore::_registerComponents|Finished registering 2 out of 2 attempted registrations.
1369462747|pwcCore::_registerInstances|Attempting to register instances.
1369462747|pwcCore::_registerInstance|Attempting to register instance coreDB
1369462747|pwcCore::_findComponent|Looking for MySQLDB 1.0.1
1369462747|pwcCore::_findComponent|Checking MySQLDB 1.0.1
1369462747|pwcCore::_registerInstance|Returning True.
1369462747|pwcCore::_registerInstance|Attempting to register instance corePage
1369462747|pwcCore::_findComponent|Looking for PageTemplate 1.1.0
1369462747|pwcCore::_findComponent|Checking MySQLDB 1.0.1
1369462747|pwcCore::_findComponent|Checking PageTemplate 1.1.0
1369462747|pwcCore::_registerInstance|Returning True.
1369462747|pwcCore::_registerInstances|Finished registering 2 out of 2 attempted registrations.
1369462747|pwcCore::Constructor|Returning True.
1369462747|pwcCore::_findComponent|Looking for MySQLDB 1.0.1
1369462747|pwcCore::_findComponent|Checking MySQLDB 1.0.1
1369462747|Startup|Loaded include file for component MySQLDB
1369462747|Startup|Loaded include file for component PageTemplate
1369462747|pwcCore::_initialiseInstances|Attempting to intialise instances.
1369462747|pwcCore::_findComponent|Looking for MySQLDB 1.0.1
1369462747|pwcCore::_findComponent|Checking MySQLDB 1.0.1
1369462747|pwcCore::_createInstance|Creating instance of MySQLDB -> coreDB
1369462747|pwcCoreInstance::Construtor|Called to extend component MySQLDB
1369462747|pwcCoreInstance::_pwcReadInstanceData|Completed reading instance data.
1369462747|pwcCoreInstance::_pwcReadComponentData|Completed reading component data.
1369462747|pwcCoreInstance::Construtor|Returning true.
1369462747|pwcMySQLDB::connect|Failed to connect to the server :: Too many connections 1040