Mirabela Nickel
(ASX:MBN) said late yesterday that it has raised $37.8 million through a placement to mostly institutional investors.
The Brazil-focused base metals explorer and developer sold 16.4 million shares at $2.30 each.
Mirabela will also place 5.5 million special warrants, principally in Canada and the United States, on a private placement basis, at $C2.23 per security to raise an additional $C12.27 million.
Mirabela Nickel posted a net loss of $37.65 million in 2009.
