Mirabela seeking $199M

MIRABELA Nickel has launched an institutional equity raising chasing up to $US165 million ($A180.9 million), plus a $7 million placement and $10 million share purchase plan as the company is hit by a slower than expected ramp-up at its flagship Santa Rita operation in Brazil.

Mirabela seeking $199M Mirabela seeking $199M Mirabela seeking $199M Mirabela seeking $199M Mirabela seeking $199M

The company’s shares were placed in a trading halt this morning as the company embarks on a global bookbuild of a minimum $135 million with the offer price expected to be $A1.54-1.70.

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