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Market: TSX, ASX
Sector: General Mining
Epic: TSX:MBN
News: Latest news
Web Site: Mirabela Nickel
Other Articles: 20-11-200903-11-200910-10-2009

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Friday March 12, 09:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

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Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Mirabela Nickel

Mirabela Nickel

Mirabela Nickel Ltd is a mineral exploration company with a portfolio of prospective nickel and other base metal targets in Brazil.

Mirabela's lead project under development is Santa Rita - a disseminated nickel sulphide deposit in the state of Bahia. Production of nickel is targeted to commence in 2009. This is the largest nickel sulphide resource in South America and the largest greenfield nickel sulphide discovery in the world in the last 10 years.

Friday, March 20, 2009

Mirabela Nickel raises final C$120m in equity for Santa Rita

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Mirabela Nickel (TSX:MNB,ASX:MBN) (the “Company”) has completed its previously announced offering (the “Offering”) of 120 million subscription receipts at a price of C$1.00 per subscription receipt for gross proceeds of C$120 million.

The Offering was conducted by a syndicate of underwriters led by GMP Securities L.P. and included Cormark Securities Inc., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd. and Haywood Securities Inc. (collectively, the “Underwriters”).

The Company also recently announced that it completed a private placement of approximately 32.4
million ordinary shares to institutions and sophisticated investors outside of Canada, principally in Australia and Asia, at a price of C$1.00 (A$1.20) per share for gross proceeds of approximately C$32.4 million.

In March, Mirabela received committment letters for senior debt for US$190m.  Together with the equity raised, this enables Mirabela to complete construction of the Santa Rita nickel project.

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