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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rusina Mining | LSE:RMLA | London | Ordinary Share | AU000000RML9 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.875 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 2342N
Rusina Mining NL
08 June 2010
Updated Merger Timetable and European Nickel Consolidation and Placing Timetable
8 June 2010 - Further to the announcement of 2 June 2010, Rusina Mining NL
("Rusina") (AIM: RMLA, ASX: RML) and European Nickel PLC ("European Nickel")
(AIM/PLUS: ENK) are pleased to provide an update to the timetable for the
proposed merger of the companies by way of a Scheme of Arrangement in Rusina.
In addition the timetable for the consolidation of European Nickel's ordinary
shares and the completion of the second tranche of the placing to raise GBP6.7
million (US$9.7 million) is also shown below.
The timetable has been extended due to a delay in the approval process relating
to the listing of European Nickel on the ASX. Please note that the following
timetable is indicative only and may be subject to change.
+---------------------------------------+-------------+---------------+
| | Merger |Consolidation |
| | | & Placing |
+---------------------------------------+-------------+---------------+
| Second Court Hearing to approve the | 2.15pm | |
| Scheme | (WST) 14 | |
| | June 2010 | |
+---------------------------------------+-------------+---------------+
| Lodge Court Order with ASIC | 15 June | |
| Scheme becomes binding (Effective | 2010 | |
| Date) | | |
+---------------------------------------+-------------+---------------+
| Last day for trading in Rusina Shares | 15 June | |
| on ASX | 2010 | |
+---------------------------------------+-------------+---------------+
| Suspension of Rusina Shares on ASX | 16 June | |
| | 2010 | |
+---------------------------------------+-------------+---------------+
| Suspension of Rusina Shares on AIM | 7.00am | |
| | (GMT) 16 | |
| | June 2010 | |
+---------------------------------------+-------------+---------------+
| Record date for European Nickel share | | 5.00pm |
| consolidation | | (London |
| | | time) |
| | | 18 June |
| | | 2010 |
+---------------------------------------+-------------+---------------+
| European Nickel New Shares admitted | | 8.00am |
| for trading on AIM | | (London |
| | | time) |
| | | 21 June |
| | | 2010 |
+---------------------------------------+-------------+---------------+
| Second tranche of European Nickel | | 8.00am |
| placing completed | | (London |
| | | time) |
| | | 21 June |
| | | 2010 |
+---------------------------------------+-------------+---------------+
| Record Date | 5.00pm | |
| Time for determining entitlements to | (WST) | |
| Scheme Consideration | 23 June | |
| | 2010 | |
+---------------------------------------+-------------+---------------+
| Merger Implementation Date | 24 June | |
| Scheme Consideration issued to Scheme | 2010 | |
| Participants | | |
+---------------------------------------+-------------+---------------+
| Cancellation of Rusina Shares on AIM | 8.00am | |
| | (London | |
| | time) | |
| | 24 June | |
| | 2010 | |
+---------------------------------------+-------------+---------------+
| Dispatch of CDI issue confirmations | 28 June | |
| from Australia | 2010 | |
+---------------------------------------+-------------+---------------+
| CDIs commence trading on ASX on | 29 June | |
| normal settlement basis, subject to | 2010 | |
| ASX approval | | |
+---------------------------------------+-------------+---------------+
| CREST stock accounts credited with | 29 June | |
| European Nickel New Shares in | 2010 | |
| uncertificated form | | |
+---------------------------------------+-------------+---------------+
| Latest date for dispatch of | 29 June | |
| certificated European Nickel New | 2010 | |
| Shares | | |
+---------------------------------------+-------------+---------------+
| European Nickel New Shares commence | 8.00am | |
| trading on AIM, subject to AIM | (London | |
| approval | time) 29 | |
| | June 2010 | |
+---------------------------------------+-------------+---------------+
For more information, please visit www.enickel.co.uk or www.rusina.com.au or
contact:
+---------------------------------+---------------------------------+
| European Nickel | Rusina Mining |
+---------------------------------+---------------------------------+
| Simon Purkiss or Andrew Lindsay | Robert Gregory or Mark |
| European Nickel | Hanlon |
| Tel: +44 20 7290 3130 (London) | Rusina Mining |
| | Tel: +61 8 9226 1111 |
| Andrew Chubb or Tarica Mpinga | (Perth) |
| Canaccord Genuity | |
| Tel: +44 20 7050 6500 | Roland Cornish |
| | Beaumont Cornish |
| Alex Buck | Tel: +44 20 7628 3396 |
| BuckBias | |
| Tel: +44 7932 740 452 | Kevin Skinner |
| | Field Public Relations |
| | Tel: +61 8 8234 9555 or / |
| | +61 414 822 631 |
+---------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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