/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
PERTH, Australia, June 5, 2012 /CNW/ - Mirabela Nickel Ltd (TSX: MNB,
ASX: MBN) ("Mirabela" or the "Company") advises that the retail component of its recently announced
accelerated non-renounceable entitlement offer ("Retail Entitlement Offer") closed on 4 June 2012.
Eligible retail shareholders under the Retail Entitlement Offer have
subscribed for 13,691,530 new shares, or approximately A$4.1 million.
The shortfall under the Retail Entitlement Offer is 54,325,542 shares,
or approximately A$16.3 million.
The directors may, subject to the requirements of the Listing Rules and
the Corporations Act and in consultation with Macquarie Capital
(Australia) Limited, place the remaining shortfall shares within the
next two months. If placed, these shares will be issued at a price not
less than the issue price of the new shares under the Retail
Entitlement Offer being $0.30 per share. Commitments for approximately
A$8.2 million of the shortfall have been received to date.
The allotment of the new shares under the Retail Entitlement Offer is
expected to occur on 12 June 2012 and trading in the new shares is
expected to commence on 13 June 2012.
Important information and disclaimer
This announcement has been prepared by Mirabela Nickel Limited (ABN 23
108 161 593) (Mirabela). No party other than Mirabela has authorised or caused the issue,
lodgement, submission, despatch or provision of this announcement, or
takes responsibility for, or makes or purports to make any statements,
representations or undertakings in this announcement.
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
This announcement does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities in the United States or
in any other jurisdiction in which such an offer would be illegal. The
New Shares have not been, and will not be, registered under the
Securities Act or under the securities laws of any state or other
jurisdiction of the United States. Accordingly, the New Shares may not
be offered or sold to persons in the United States except pursuant to
an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state securities
IMPORTANT NOTICE TO NOMINEES: Because of legal restrictions, you must
not send copies of this announcement or any material relating to the
Entitlement Offer to any of your clients (or any other person) in the
United States, and on whose behalf you are the registered owner of
shares. Failure to comply with these restrictions may result in
violations of applicable securities laws.
SOURCE Mirabela Nickel Ltd.
For further information:
VP Business Development
Telephone: +61 433 790 070
Mirabela Nickel Limited
Managing Director and Chief Executive Officer
Mirabela Nickel Limited
Telephone: +61 8 9324 1177