Mirabela Nickel annual general meeting deadline extended to Aug. 26

By Caroline Salls

Pittsburgh, May 30 - Mirabela Nickel Ltd. said the Australian Securities and Investments Commission (ASIC) granted an extension of the company's annual general meeting for the 2013 financial year to Aug. 26 from May 30.

According to a company news release, Mirabela applied to ASIC to extend the period within which it is required to hold the meeting because the company's annual report for the year ended Dec. 31 was not filed until May 26. The company said this would not leave enough time to hold the meeting on May 30.

In addition, Mirabela said it requested the extension because it remains subject to a deed of company arrangement.

If the deed of arrangement is completed in its current form, the composition of the company's shareholder register will be significantly altered, the release said. If the deed of company arrangement is not completed, it is likely that Mirabela will be liquidated.

The company also said diverting resources to convening and preparing for the meeting at this time would have an impact on the deed administrators' ability to comply with the terms of the deed of company arrangement.

Mirabela is a nickel producer located in Perth, Western Australia.

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