PERTH, AUSTRALIA, Oct. 22, 2013 /CNW/ - Mirabela Nickel Limited (Mirabela or the Company) (ASX: MBN) wishes to provide the following update.
In response to recent press articles, the Company confirms that it is in
full compliance with its continuous disclosure obligations and will
continue to comply with those obligations.
The Company confirms that it did not make payment of interest on 15
October 2013, pursuant to the terms of the indenture relating to the
approximately US$395 million of 8.75% senior unsecured notes due 2018.
The nonpayment of interest pursuant to the indenture will only
constitute an event of default if it continues for 30 days.
The Company is working towards making an announcement to the market in
relation to the Company and an operational update by the end of October
SOURCE: Mirabela Nickel Ltd.
For further information:
Mirabela Nickel Limited
+61 8 9324 1177