European Nickel PLC is Admitted to the Official List of the ASX

28.06.2010  |  Globenewswire Europe

28 June 2010 - London and Perth: European Nickel PLC ("European Nickel" or the
"Company") (AIM, PLUS, ASX: ENK) is pleased to announce that as a result of its
merger with Rusina Mining NL ("Rusina") by way of a scheme of arrangement which
was approved overwhelmingly by shareholders of Rusina on 4 June 2010 ("Scheme"),
European Nickel will be admitted to the official list of the Australian
Securities Exchange ("ASX") today and will commence trading on the ASX tomorrow.

The record date for the issue of European Nickel shares in consideration for the
transfer of Rusina shares held by Rusina shareholders under the terms of the
Scheme was 23 June 2010.  The Scheme consideration for Rusina shareholders was
issued on the Implementation Date, 24 June 2010.

 As a result of the implementation of the Scheme, European Nickel confirms the
following:

* A total of 60,481,480 European Nickel shares were issued to former Rusina
shareholders on 24 June 2010 as consideration under the Scheme, of which
41,434,201 were issued in the form of Chess Depositary Interests ("CDIs") in
order to allow trading on the ASX.
* The Company now has a total of 221,589,003 shares on issue, of which
180,154,802 shares are quoted on AIM and 41,434,201 CDIs are quoted on ASX.

As part of the Merger, European Nickel sought, and was granted, a waiver from
ASX Listing Rule 1.1 Condition 6.  This listing rule generally requires a
company seeking to list on ASX to seek quotation of all securities in its main
class. The waiver was granted by ASX to permit European Nickel to apply for
quotation only of those CDIs issued over its shares into the Australian market,
on the condition that the Company applies for quotation of new CDIs issued into
the Australian market on a monthly basis, and the Company provides to the market
a monthly update of the net changes in the number of CDIs over its common stock
shares.  A further condition of the waiver was that European Nickel includes
details of the waiver as part of its pre-quotation disclosure for listing.

For more information, please visit www.enickel.co.uk or contact:

Simon Purkiss, Deputy Executive Chairman, European Nickel         Tel: +44 (0)20
7290 3130

Mark Hanlon, Finance Director, European Nickel                   Tel: +61 (0)8
9226 1111

Andrew Chubb or Tarica Mpinga, Canaccord Genuity                Tel: +44 (0)20
7050 6500

Alex Buck, BuckBias                                      Tel: +44 (0)7932
740 452

About European Nickel

European Nickel (AIM, PLUS, ASX: ENK) is an emerging mid-tier nickel laterite
producer focused on growth. With 1,350,000 tonnes of attributable nickel
resources and assets in Turkey, the Philippines and Albania, European Nickel is
targeting 50,000 tonnes of annual nickel production within five years. The
Çalda? project in Turkey is the Company's flagship asset with near-term
production and will be the world's first commercial scale nickel laterite heap
leach operation.



[HUG#1427812]








This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: European Nickel PLC via Thomson Reuters ONE


Unternehmen: European Nickel PLC - ISIN: GB0034265404