European Nickel Receives Waivers on the Berong Nickel Corporation
Acquisition
02 June 2008 - London: European Nickel PLC ("European Nickel" or the
"Company") (AIM: ENK) is pleased to announce, further to its press
release dated 23 May, that it has now received waivers from Toledo
Mining Corporation PLC (AIM: TMC) ("Toledo), Nickeline Resources
Holdings Inc and Atlas Consolidated Mining and Development
Corporation (PSE: AT) ("Atlas") regarding certain pre-emption rights
they have on Investika Limited's (ASX, AIM: IVK) ("Investika")
holding in the Berong Nickel Corporation ("BNC").
European Nickel hopes to conclude its acquisition of a 19.3% interest
in Toledo and an 18.7% direct interest in BNC for a total
consideration of US$48.0 million within two business days of 27 June,
subject now only to Investika shareholder approval of the transaction
at a shareholder meeting to be held on that date.
For more information, please visit www.enickel.co.uk or contact:
Simon Purkiss or Andrew Lindsay, European Nickel
Tel: 020 7290 3130
Mike Jones or Andrew Chubb, Canaccord Adams
Tel: 020 7050 6500
Peter Barrett-Lennard or Sarah Wharry, RBC Capital Markets
Tel: 020 7653 4000
Alex Buck, BuckBias
Tel: 020 7244 8053 or Mobile: 07932 740 452
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