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EMU NL Capital/Financing Update 2013

Jan 22, 2013

64851_rns_2013-01-22_a8ebe55d-e22d-441c-9556-14fe1f93340f.pdf

Capital/Financing Update

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23 January 2013

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DESPATCH OF RIGHTS ISSUE OFFER PROSPECTUS

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Emu Nickel NL ABN 50 127 291 927

ASX Code: EMU

10 Walker Ave West Perth, WA 6005

T +61 8 9226 4266 E [email protected]

PO Box 1112 West Perth, WA 6872

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

Emu Nickel NL (ASX:EMU) ( Company ) is pleased to confirm that the Prospectus and accompanying personalised Entitlement and Application Forms in respect of the non-renounceable rights issue lodged with ASX on 10 January 2013 ( Rights Issue ) were despatched today to Eligible Shareholders.

The Rights Issue is an offer of one Contributing Share for every one Share held at 5.00pm (WST) on 21 January 2013 ( Record Date ). Each Contributing Share is to be partly paid on application as to $0.03 with the unpaid amount being $0.03.

Shareholders are advised that the offer under the Rights Issue opens for subscriptions today and will close at 5.00pm (WST) on 8 February 2013.

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

Greg Steemson Managing Director

George Sakalidis

Non-Executive Director Gavin Rutherford

Non-Executive Director

1