Mirabela Nickel Limited (Administrators Appointed) - Execution of Deed of Company Arrangement

PERTH, Australia, May 13, 2014 /CNW/ - Mirabela Nickel Ltd. (Subject to Deed of Company Arrangement) (Mirabela or the Company) (ASX: MBN) advises that on 13 May 2014 the second meeting of creditors of the Company was held pursuant to section 439A of the Corporations Act 2001 (Commonwealth) (Second Meeting). At the Second Meeting, the Company's creditors resolved that Mirabela enter into a deed of company arrangement, the terms of which were detailed in the Administrators' report dated 2 May 2014, a copy of which was attached to the announcement dated 2 May 2014. The creditors of Mirabela Investments Pty Limited (Subject to Deed of Company Arrangement) (Mirabela Investments) also entered into a deed of company arrangement.

On 13 May 2014, Mirabela and Mirabela Investments executed the deeds of company arrangement and Martin Madden, Clifford Rocke and David Winterbottom were appointed as Deed Administrators. Copies of the executed deeds of company arrangement are attached to this announcement.

SOURCE Mirabela Nickel Ltd. (Administrators Appointed)