TIDMRMLA TIDMENK 
 
RNS Number : 7223N 
Rusina Mining NL 
16 June 2010 
 

 Wednesday 16th June, 2010 
  European Nickel Release re Completion of Scheme and Appointment of Directors 
Please find below a release from European Nickel PLC (AIM, PLUS: ENK) in 
relation to the completion of the Scheme of Arrangement and appointment and 
resignation of directors. 
 
For more information, please visit www.rusina.com.au or contact: 
 
 
+---------------------------------+---------------------------------+ 
| European Nickel                 | Rusina Mining                   | 
+---------------------------------+---------------------------------+ 
| Simon Purkiss                   | Mark Hanlon                     | 
| European Nickel                 | Rusina Mining                   | 
| Tel: +44 20 7290 3130 (London)  | Tel: +61 8 9226 1111 (Perth)    | 
|                                 |                                 | 
| Andrew Chubb or Tarica Mpinga   | Roland Cornish                  | 
| Canaccord Genuity               | 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                 | 
+---------------------------------+---------------------------------+ 
                 "Merger Scheme of Arrangement Becomes Binding 
                            New Directors Appointed 
 
16 June 2010 - LONDON: Further to the announcement of 14 June 2010, European 
Nickel PLC ("European Nickel" or the "Company") (AIM, PLUS: ENK) today announces 
that the Court Orders of the Australian Federal Court approving the scheme of 
arrangement (the "Scheme") with Rusina Mining NL ("Rusina") (AIM: RMLA, ASX: 
RML) have been lodged with ASIC yesterday, at which time the Scheme became 
binding. 
 
The merger with Rusina is now legally binding and as per the Merger 
Implementation Agreement dated 2 February 2010, with immediate effect, Robert 
Gregory is appointed Managing Director of the Company and Mark Hanlon is 
appointed Finance Director. Andrew Lindsay, Sir David Logan and Euan Worthington 
resign as directors of the Company. David Whitehead remains as Non-Executive 
Chairman and Simon Purkiss becomes Executive Deputy Chairman, while Paul Lush 
continues as a non-executive director. European Nickel anticipates the 
appointment of an additional independent non-executive director shortly 
thereafter. 
 
Robert Gregory has been the Managing Director of Rusina since 2005 and is a 
mining engineer with extensive mine development and operational experience in 
South East Asia and Australia, both in open pit and underground mines. His 
experience includes being Vice President - Mine Development for Climax Mining's 
Didipio Project in the Philippines from 1996 to 2000, General Manager - 
Operations for Giants Reef Mining in Australia from 2003 to 2005 and he was 
responsible for the construction of the Tanjianshan Gold Project in Western 
China in 2005. 
 
Mark Hanlon has been the CFO of Rusina since 2006 and previously spent 10 years 
in commercial and merchant banking with Partnership Pacific Ltd, Westpac and the 
Bank of New Zealand before entering commerce in 1994. He has a broad background 
of senior executive experience across a wide range of industries including 
mining services, electricity distribution, electronics contract manufacturing, 
packaging and insurance. Mr Hanlon has previously held the position or 
equivalent position of CFO with other publicly listed companies such as Century 
Drilling Limited and International Contract Manufacturing Limited. Mr Hanlon 
holds a Bachelor of Business degree (Finance and Accounting) and a Master of 
Business degree (Banking and Finance). 
 
Commenting on the new, enlarged company, David Whitehead, Chairman, said "I 
would like to take this opportunity to publicly thank Andrew Lindsay, Sir David 
Logan and Euan Worthington for their hard work and support during some 
challenging times the Company has faced. 
 
The appointment of Robert Gregory as Managing Director marks the beginning of a 
new chapter in the evolution of the Company and the imminent receipt of the 
GBP6.7 million placing funds will enable us to complete the project financing of 
Çaldag by the end of the year. 
On finalisation of the merger, the Company emerges with over 1.35 million tonnes 
of nickel laterite resource under its control, a unique heap leach technology, 
two sizeable development projects, listings on the AIM, ASX and PLUS and a 
strengthened balance sheet." 
 
Save as disclosed in this announcement and its appendices, there is no further 
information that is required to be disclosed pursuant to Schedule 2(g) of the 
AIM Rules for Companies. 
 
Defined terms in this announcement shall have the same meaning as set out in the 
Merger Implementation Agreement dated 2 February 2010. 
 
For more information, please visit www.enickel.co.uk or contact: 
 
Simon Purkiss, Rob Gregory or Mark Hanlon, European Nickel 
Tel: +44 20 7290 3130 
 
Andrew Chubb or Tarica Mpinga, Canaccord Genuity Limited 
Tel: +44 20 7050 6500 
 
Alex Buck, BuckBias 
Tel: +44 7932 740 452 
 
Appendix A 
Information provided in accordance with paragraph g of Schedule 2 to the AIM 
rules: 
 
Robert Gregory 
 
(i) the director's full name and age together with any previous names; 
 
Robert Gordon Matthews Gregory, age 46 
 
(ii) the names of all companies and partnerships of which the director has been 
a director or partner at any time in the previous five years, indicating whether 
or not the director is still a director or partner; 
 
+-----------------------------------------+ 
| Current Directorships:                  | 
| Name of Company                         | 
+-----------------------------------------+ 
| Rusina Mining NL                        | 
+-----------------------------------------+ 
| Fil-Asian Strategic Resources &         | 
| Properties Corporation                  | 
+-----------------------------------------+ 
| Fil-Euro Asia Nickel Corporation        | 
+-----------------------------------------+ 
| Montemina Resources Corporation         | 
+-----------------------------------------+ 
| ZDMC Holdings Corporation (formerly     | 
| Fil-Asia Strategic Investment Holdings  | 
| Corporation)                            | 
+-----------------------------------------+ 
| Zambales Diversified Metals Corporation | 
|                                         | 
+-----------------------------------------+ 
| Zamnorth Holdings Corporation           | 
+-----------------------------------------+ 
| Zambales Chromite Mining Co., Inc.      | 
+-----------------------------------------+ 
| Mt. Lanat Metals Corporation            | 
+-----------------------------------------+ 
 
 
+----------------------------------------+ 
| Past Directorships:                    | 
| Hiab Copper (Pty) Limited              | 
+----------------------------------------+ 
| Kinloch Resources Limited              | 
+----------------------------------------+ 
| Copper Mines of South Africa (Pty) Ltd | 
|                                        | 
+----------------------------------------+ 
| Crater Mining (Pty) Ltd                | 
+----------------------------------------+ 
 
 
(iii) details of any option grants or share purchases made at the time of 
appointment 
 
On the Merger Implementation Date 24 June 2010, Mr Gregory will be issued with 
415,800 post-consolidation European Nickel shares in consideration for his 
outstanding Rusina share options. 
 
(iv) details of the service contract 
Rob Gregory has been appointed as Managing Director of the Company with effect 
from yesterday. He will continue to be employed under his existing service 
contract with Rusina Mining NL and Fil-Asia Strategic Resources and Properties 
Corporation dated 28 February 2008 and as amended in a Letter of Variation dated 
9 October 2009 (together the "Service Agreement"). The term of the Service 
Agreement is to 7 November 2010 unless extended at the mutual agreement of the 
parties to the agreement. In addition, the Service Agreement can be terminated 
by either party giving not less than six months' prior notice or it can be 
terminated immediately by the Company making a payment in lieu of notice. 
 
Under the Service Agreement, Robert Gregory is entitled to a basic salary of 
A$385,000 per annum ("Salary"). In addition, the Service Agreement provides for 
a bonus of up to 30% of Salary on the achievement of key performance objectives 
during the previous financial year and a further wholly discretionary bonus as 
determined by the Board. In the event of Rob Gregory's retirement or the 
termination the Service Agreement he will be paid one months' salary for every 
12 months employment (or pro rata). 
 
In circumstances where there has been a change of control through the change of 
more than half of the composition of the Board or of half of the voting rights 
attaching to the shares and the Service Agreement is terminated within 12 months 
of the change of control the Company shall give Rob Gregory not less than 12 
months notice or shall make a payment in lieu of notice. 
 
While Rob Gregory is based in the Philippines he will be provided with 
accommodation and amenities and two return trips a year to Australia for himself 
and his family. 
 
Mark Hanlon 
 
(i) the director's full name and age together with any previous names; 
 
Timothy Marcus Stephen Hanlon, age 50 
 
(ii) the names of all companies and partnerships of which the director has been 
a director or partner at any time in the previous five years, indicating whether 
or not the director is still a director or partner; 
 
+---------------------------------------+ 
| Current Directorships:                | 
| Name of Company                       | 
+---------------------------------------+ 
| Rusina Mining NL                      | 
+---------------------------------------+ 
| Buprestid Pty Ltd                     | 
+---------------------------------------+ 
| Fil-Asian Strategic Resources &       | 
| Properties Corporation                | 
+---------------------------------------+ 
| Zambales Diversified Metals           | 
| Corporation                           | 
+---------------------------------------+ 
 
 
 
 
Past Directorships: 
ZDMC Holdings Corporation (formerly Fil-Asia Strategic Investment Holdings 
Corporation) 
 
 
(iii) details of any option grants or share purchases made at the time of 
appointment 
 
On the Merger Implementation Date 24 June 2010, Mr Hanlon will be issued with 
276,800 post-consolidation European Nickel PLC shares in consideration for his 
outstanding Rusina Mining NL share options. 
 
(iv) details of the service contract 
 
Mark Hanlon has been appointed as Finance Director of the Company with effect 
from yesterday. He will continue to be employed under his existing service 
contract with Rusina Mining NL dated 30 September 2006 and as amended in a 
Letter of Variation dated 9 October 2009 (together the "Service Agreement"). In 
addition, the Service Agreement can be terminated by either party giving not 
less than six months' prior notice or it can be terminated immediately by the 
Company making a payment in lieu of notice. 
 
Under the Service Agreement, Mark Hanlon is entitled to a basic salary of 
A$275,000 per annum ("Salary"). In addition, the Service Agreement provides for 
a bonus of up to 30% of Salary on the achievement of key performance objectives 
during the previous financial year and if no objectives have been agreed the 
Board may determine to award a wholly discretionary bonus. Under the Service 
Agreement the Company shall pay, by of pension contribution, a sum equivalent to 
9% of Salary. Also, in the event of Mark Hanlon's retirement or the termination 
the Service Agreement he will be paid one months' salary for every 12 months 
employment (or pro rata). 
 
In circumstances where there has been a change of control through the change of 
more than half of the composition of the Board or of half of the voting rights 
attaching to the shares and the Service Agreement is terminated within 12 months 
of the change of control the Company shall give Mark Hanlon not less than 12 
months notice or shall make a payment in lieu of notice." 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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