By Devika Patel
Knoxville, Tenn., Dec. 14 - Mirabela Nickel Ltd. announced a C$12.27 million private placement of special warrants.
The company will sell 5.5 million special warrants, which are convertible into ordinary shares on a one-for-one basis, at C$2.23 apiece.
GMP Securities LP will be the lead agent in a syndicate that includes Dundee Securities Corp.
Settlement is expected Jan. 8.
Proceeds will be used for working capital.
Mirabela is a mineral exploration company based in Perth, Australia.
Issuer: | Mirabela Nickel Ltd.
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Issue: | Special warrants convertible into ordinary shares
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Amount: | C$12,265,000
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Warrants: | 5.5 million
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Price: | C$2.23
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Warrants: | No
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Agent: | GMP Securities LP (lead), Dundee Securities Corp.
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Pricing date: | Dec. 14
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Settlement date: | Jan. 8
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Stock symbol: | Toronto: MNB
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Stock price: | C$2.41 at close Dec. 11
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Market capitalization: | C$795 million
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