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Published on 6/26/2014 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Mirabela arrangement completed; Belanger named CEO, managing director

By Caroline Salls

Pittsburgh, June 26 – Mirabela Nickel Ltd.’s deed of company arrangement has been completed, according to a company news release.

As a result, the company said the deed administrators have retired, the arrangement has terminated and the day-to-day management and control of Mirabela has reverted to its directors.

Mirabela said Maryse Belanger has been appointed chief executive officer and managing director, effective June 27.

Under her executive services agreement, Belanger will be based in Brazil and paid an annual base remuneration salary of $450,000 plus additional benefits.

The company said Belanger is a geologist with more than 25 years’ experience in the mining industry. Before joining Mirabela, she was senior vice president of technical services at Goldcorp.

Belanger holds a bachelor degree in geology and a graduate certificate in Geostatistics.

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


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