Mirabela Closes Unconditional Component of Capital Raising
/Not for Distribution to United States Newswire Services or for Dissemination in the United States/
ASX Code: MBN
TSX Code: MNB
Number of shares:
422,237,130
TORONTO, Sept. 17 /CNW/ - Further to its announcement on September 7, 2010, Mirabela Nickel Limited ("Mirabela" or the "Company") is pleased to announce that it has now completed a private placement of: (i) 48,896,905 ordinary shares of the Company at a price of A$1.60 per share; and (ii) 6,177,500 ordinary shares of the Company at a price of C$1.52 per share (the Canadian dollar equivalent of A$1.60 on September 8, 2010).
The Company has also completed a private placement of 6,472,500 subscription receipts at a price of C$1.52 per subscription receipt. The proceeds from the issue and sale of the subscription receipts were placed in escrow pending satisfaction of certain release conditions including shareholder approval at a general meeting of shareholders planned for 19 October 2010. Upon satisfaction of the release conditions, each subscription receipt will convert into one ordinary share of Mirabela.
These placements are part of a global institutional share placement, seeking to raise gross proceeds of US$165 million (the "Global Offer"), the details of which are set out in the Company's news release of September 7, 2010.
Macquarie Capital Advisers Limited (Macquarie Capital Markets Canada Ltd.) and UBS AG (UBS Securities Canada Inc.) acted as Joint Lead Managers and Joint Bookrunners, GMP Securities L.P. acted as Joint Bookrunner and Argonaut Securities Pty Ltd and Haywood Securities Inc. acted as Co-Managers to the Global Offer.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction outside of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.
For further information:
Bill Bent Vice President, Business Development Mirabela Nickel Limited Telephone: +61 433 790 070 [email protected] |
Alex Buck Director Buckbias Telephone: +44 7932 740 452 [email protected] |
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