Mirabela completes Canadian part of equity offering



    
    TSX: MNB, ASX: MBN
    Ordinary shares outstanding: 331,186,375

    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    PERTH, Australia, Aug. 13 /CNW/ - Further to announcements of 28 July and
11 August, Mirabela is pleased to announce that it has completed the Canadian
component of its recent equity raising by issuing 21.5 million ordinary shares
at a price of C$2.10 per share for gross proceeds of C$45,150,000. The
Canadian offering was conducted by a syndicate of underwriters led by GMP
Securities L.P. and included BMO Capital Markets, Cormark Securities Inc.,
Dundee Securities Corporation and Haywood Securities Inc.

    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States or any other
jurisdiction outside of Canada, nor shall there be any sale of the securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful. The Shares offered have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "1933 Act"), or any
state securities laws and may not be offered or sold in the United States or
to U.S. persons absent registration or an applicable exemption from the
registration requirements of the 1933 Act and applicable state securities
laws.

    
    For and on behalf of the Board

    Nick Poll                                  Craig Burton
    Managing Director                          Corporate Director
    




For further information:

For further information: Level 21, Allendale Square, 77 St Georges
Terrace, Perth, WA, 6000, Tel: +61 8 9324 1177, Fax: +61 8 9324 2171,
info@mirabela.com.au

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Mirabela Nickel Ltd.

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