Mirabela Nickel Completes $120M Public Offering

On March 19, 2009, Mirabela Nickel Limited completed a public offering of 120 million subscription receipts at a price of $1.00 per subscription receipt for aggregate gross proceeds of $120 million. The offering was conducted by a syndicate of underwriters led by GMP Securities L.P. and included Cormark Securities Inc., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd. and Haywood Securities Inc.

Lawson Lundell LLP acted for the company with a team that included Gordon Chambers, Joanna Cameron and Elliott Mak (securities); Mandeep Dhaliwal (financial services) and Leonard Glass (tax).

Cassels Brock & Blackwell LLP acted for the underwriters with a team that included Chad Accursi, Eva Bellissimo and Nancy Choi (securities); Bruce Bell (financial services) and Christopher Norton (tax).

Lawyer(s)

Elliott Y. Mak Chad Accursi Bruce C. Bell Joanna Cameron Leonard A. Glass Nancy Choi Christopher B. Norton Gordon R. Chambers Mandeep Dhaliwal