Further re Completion of Second Tranche of Placing to raise US$10 million

17.06.2010  |  Globenewswire Europe

17 June 2010 - LONDON: Further to the announcement of 2 February 2010 of its
placing to raise up to US$19.4m (approximately £12.1 million) (the "Placing"),
European Nickel PLC ('the Company') (AIM, PLUS: ENK) today announces that
following completion of the scheme of arrangement with Rusina Mining N.L. (the
Scheme") the second tranche of the Placing comprising the issue of 96,057,000
ordinary shares of 1p each at 7 pence per share to raise US$10 million
(approximately £6.7 million) will be completed tomorrow.

Pursuant to the Placing, the 96,057,000 ordinary shares will be admitted to
trading on AIM at 8.00am on Friday 18 June 2010.  Following admission of the
same, the Company will have 644,430,428 shares in issue, each of which are
voting shares carrying one vote.



For more information, please visitwww.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

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Unternehmen: European Nickel PLC - ISIN: GB0034265404