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Additional Information
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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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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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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