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EMU NL Capital/Financing Update 2010

Feb 11, 2010

64851_rns_2010-02-11_b0c7fd8d-d6a9-402e-8b8f-916c1d28c89c.pdf

Capital/Financing Update

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ASX Release 12 February 2010

The Company Announcements Office Australian Securities Exchange Level 1, 20 Bridge Street SYDNEY NSW 2000

ASX code: EMU

Emu Nickel NL 2nd Floor, 16 Ord St West Perth WA 6005 PO Box 1112 West Perth WA 6872 Telephone 08 9226 4266 Facsimile 08 9485 2840 [email protected] www.emunickel.com.au

ABN 50 127 291 927

Dear Sir/Madam,

RESTRICTED SECURITIES DUE FOR RELEASE FROM ESCROW

In accordance with ASX Listing Rule 3.10A, the Company advises that the following restricted securities will be released from escrow on 27 February 2010:

ollowing restricted securities will be released from escro w on 27 February 2010:
Security description Number
Ordinary fully paid shares 4,459,063

The Company has also granted 10,000,000 Options which are classified as Restricted Securities. These Options will also be released from escrow on 27 February 2010 and are due to be exercised on or before 27 February 2013 at an exercise price of $0.50 each.

Application for quotation will be made on the prescribed form in compliance with ASX Listing Rule 2.8.2 in respect of those previously restricted securities which are to be quoted, namely 4,459,063 ordinary fully paid shares.

Yours faithfully

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Rudolf Tieleman Company Secretary