Mirabela Nickel Limited - Placement of Retail Shortfall

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

PERTH, Australia, June 8, 2012 /CNW/ - Further to the announcement on 6 June 2012, Mirabela Nickel Ltd (TSX: MNB, ASX: MBN) ("Mirabela" or the "Company") is pleased to advise that it has successfully placed all of the shortfall from the retail component of its recently announced accelerated non-renounceable entitlement offer ("Retail Entitlement Offer").

Settlement of the shortfall 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.

Following allotment of the new shares from the Retail Entitlement Offer and the shortfall shares, a total of approximately $120.2 million will have been raised under the Strategic Placement to Resource Capital Fund V L.P together with the pro-rata accelerated non-renounceable entitlement offer.

Mirabela would like to thank both existing and new shareholders for their support.

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 laws.

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:

Bill Bent
VP Business Development
Mirabela Nickel Limited
Telephone: +61 433 790 070
billb@mirabela.com.au

Ian Purdy
Managing Director and Chief Executive Officer
Mirabela Nickel Limited
Telephone: +61 8 9324 1177

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Mirabela Nickel Ltd.

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