New Issue: Mirabela Nickel settles C$18.29 million placement of shares

By Laura Lutz

Des Moines, May 31 - Mirabela Nickel Ltd. completed a private placement of shares for C$18.285 million.

The company sold 3.45 million ordinary shares to CVRD Inco Ltd. for C$5.30 per share.

Mirabela is a mineral exploration company based in Perth, Australia.

Issuer:	Mirabela Nickel Ltd.
Issue:	Ordinary shares
Amount:	C$18.285 million
Shares:	3.45 million
Price:	C$5.30
Warrants:	No
Investor:	CVRD Inco Ltd.
Settlement date:	May 31
Stock symbol:	Australia: MBN
Stock price:	A$6.25 at close May 31

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