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Additional Information

Market:	ASX TSX
Sector:	General Mining
EPIC:	MBN
Latest Price:	0.96 (0.52% )
52-week High:	2.39
52-week Low:	0.91
Market Cap:	474.57M

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Mirabela Nickel

Mirabela Nickel Ltd (ASX:MBN, TSX:MNB) is an emerging nickel producer 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 2009/10. 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.

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

Friday, March 20, 2009

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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