Mirabela Nickel Limited - Reliance on ASIC Financial Reporting Relief

PERTH, Australia, Feb. 25, 2016 /CNW/ - Mirabela Nickel Limited (Administrators Appointed) (Receivers and Managers Appointed) (Mirabela or the Company) (ASX:MBN) announces that it is relying on Australian Securities and Investment Commission (ASIC) Instrument 2015/251 (Instrument) which provides externally administered companies with relief from certain financial reporting obligations, including the lodgement of financial reports in Australia.

In the case of Mirabela, it is not required to lodge its 31 December 2015 annual financial statements until 28 April 2016.  A further extension of the relief beyond 28 April 2016 may be sought, if required.

Mirabela is a reporting issuer under Canadian securities laws. Mirabela will file its annual report on SEDAR at www.sedar.com for the year ended 31 December 2015 when the same is lodged in Australia in accordance with the Instrument or as otherwise permitted by ASIC.

SOURCE Mirabela Nickel Ltd.

Mirabela Nickel Limited (Administrators Appointed) (Receivers and Managers Appointed), Telephone: [phone], [email protected]