By Sheri Kasprzak
New York, Feb. 7 - Mirabela Nickel Ltd. said it has secured A$1.7 million from a private placement.
A London-based institution agreed to buy 2 million shares at A$0.85 each.
Proceeds from the deal will be used for a bankable feasibility study on the company's Santa Rita project.
Based in West Perth, Western Australia, Mirabela is a mineral exploration company.
| Issuer: | Mirabela Nickel Ltd.
|
| Issue: | Stock
|
| Amount: | A$1.7 million
|
| Shares: | 2 million
|
| Price: | A$0.85
|
| Warrants: | No
|
| Announcement date: | Feb. 7
|
| Stock symbol: | Australia: MBN
|
| Stock price: | A$0.92 at close Feb. 7
|
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