RMLA Rusina Mining

 

TIDMRMLA TIDMENK 
 
RNS Number : 8441H 
Rusina Mining NL 
02 March 2010 
 

 
 
 
 
 
 
                European Nickel and Rusina Complete Due Diligence 
 
2 March 2010 - Perth and London: European Nickel PLC ("European Nickel" or the 
"Company") (AIM, PLUS: ENK) and Rusina Mining NL ("Rusina") (AIM: RMLA, ASX: 
RML) are pleased to announce that the due diligence conditions contained in 
their Merger Implementation Agreement have been satisfied and accordingly the 
Scheme of Arrangement transaction is no longer subject to these conditions. 
 
Commenting on this milestone, Simon Purkiss, Managing Director of European 
Nickel, said: "We are pleased to have satisfied our due diligence requirements 
on schedule and look forward to a successful close of this transaction in May 
2010." 
 
Robert Gregory, Managing Director of Rusina, said: "We are pleased to report 
passing the first milestone for this transaction. The scheme booklet is now 
being prepared and is due to be mailed to Rusina shareholders in early April 
2010, allowing shareholders to vote on the transaction in early May 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 Hanlon   | 
| European Nickel                 | Rusina Mining                   | 
| Tel: +44 20 7290 3130 (London)  | Tel: +61 8 9226 1111 (Perth)    | 
|                                 |                                 | 
| Mike Jones or Andrew Chubb      | Roland Cornish                  | 
| Canaccord Adams                 | Beaumont Cornish                | 
| Tel: +44 20 7050 6500           | Tel: +44 20 7628 3396           | 
|                                 |                                 | 
| Alex Buck                       | Kevin Skinner                   | 
| BuckBias                        | Field Public Relations          | 
| Tel: +44 7932 740 452           | Tel: +61 8 8234 9555 or / +61   | 
|                                 | 414 822 631                     | 
+---------------------------------+---------------------------------+ 
Notes to Editors: 
 
About Rusina Mining 
Rusina Mining (ASX: RML, AIM: RMLA) is a Philippine focused mineral exploration 
and development company. It has an experienced management team that is highly 
knowledgeable on the "soft" issues of mining and has significant partnering 
expertise. Rusina is developing the Acoje nickel laterite project with joint 
venture partner European Nickel PLC, which is expected to complete a Definitive 
Feasibility Study in 2011. With an attributable JORC resource of 495,000 tonnes 
of contained nickel and a diversified exploration portfolio across nickel, 
chromite, platinum and copper/gold Rusina is focused on bringing its projects 
into production as quickly as possible. 
About European Nickel 
European Nickel (AIM, PLUS: ENK) is an emerging mid-tier nickel laterite 
producer focused on growth. With 869,000 tonnes of attributable nickel resources 
and assets in Turkey, the Philippines and Albania, European Nickel is targeting 
50,000 tonnes of annual nickel production within five years. The Çaldag project 
in Turkey is European Nickel's flagship asset with near-term production and will 
be the world's first commercial scale nickel laterite heap leach operation. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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