Mirabela Nickel expects recapitalization to be complete on June 24

By Caroline Salls

Pittsburgh, June 20 – Mirabela Nickel Ltd. expects its deed of company arrangement recapitalization transaction to be complete on June 24, according to a news release.

In addition, the company said it received funds related to the convertible secured notes to be issued, satisfying conditions to the notes prospectus and the deed of company arrangement.

The remaining conditions are expected to be satisfied on or before Tuesday, and the Australian Securities Exchange is likely to reinstate quotation of the company’s ordinary shares on June 27, the release said.

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

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