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EMU NL Capital/Financing Update 2013

Feb 12, 2013

64851_rns_2013-02-12_b91e0fcd-6fe7-432c-8409-83e9c2270acb.pdf

Capital/Financing Update

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13 February 2013

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NOTIFICATION OF SHORTFALL

____________________________________________________________________

Emu Nickel NL ABN 50 127 291 927

ASX Code: EMU

10 Walker Ave West Perth, WA 6005

M +61 41798 1814 E [email protected]

PO Box 1112 West Perth, WA 6872

Issued Capital : Shares - Quoted: 34,642,856 fully paid shares

Options – Unquoted: 4,596,438 exercisable at $1.0878 by 27.2.2013 841,148 exercisable at $0.5874 by 22.12.2014 82,736 exercisable at $0.4266 by 21.12.2015

Directors: Peter Thomas Chairman

Emu Nickel NL’s (ASX: EMU) ( Company ) non renounceable rights issue to issue up to 34,642,856 Contributing Shares on the basis of one Contributing Share for every one Share held (each Contributing Share being partly paid on application as to $0.03 with the unpaid amount being $0.03) closed on 8 February 2013.

The Company received applications from eligible shareholders to subscribe for 19,894,892 Contributing Shares, totalling approximately $596,846, as follows:

Total numberofContributing Shares offered: 34,642,856
Final number of Contributing Shares applied for: 19,894,892
Shortfall: 14,747,964

The Directors wish to thank shareholders for their continued support of the Company and advises that holder statements will be issued on or around 18 February 2013.

For more information on the company visit www.emunickel.com.au For further information contact the Company’s managing director, Greg Steemson, on +61 41798 181

Greg Steemson Managing Director George Sakalidis

Non-Executive Director Gavin Rutherford Non-Executive Director

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