COPY OF FINAL PROSPECTUS - Mirabela Nickel

PRINCIPAL HOLDERS OF SHARES
As at the date of this prospectus, to the knowledge of the directors and senior officers of Mirabela based on
information provided by Dundee Securities Corporation, no person beneficially owns, directly or indirectly, or
exercises control or direction over, shares carrying more than 10% of the voting rights attaching to all issued and
outstanding shares of the Company, except as follows:
Designation of Number before Number After Percentage After
Name and Address Class the Offering Percentage Offering Offering
Dundee Corporation ................. Ordinary Shares 14,707,408 (1) 16.62% (2) 17,322,408 14.62% (3)
28th Floor
1 Adelaide Street East
Toronto, ON M5C 2V9
Notes:
(1) 12,431,408 of the ordinary shares are held as of record by Goodman & Company, Investment Counsel Ltd., 2,200,000 of the ordinary
shares are held as of record by Dundee Resources Limited and 76,000 are held by directors, officers, employees or affiliates of Dundee
Securities Corporation.
(2) 15.76% on a fully diluted basis, not including 1,800,000 options which have been granted, subject to shareholder approval pursuant to
applicable provisions of the Corporations Act 2001 (Cth) and the ASX listing rules.
(3) 14.04% on a fully diluted basis, not including 1,800,000 options which have been granted, subject to shareholder approval pursuant to
applicable provisions of the Corporations Act 2001 (Cth) and the ASX listing rules.
OPTIONS TO ACQUIRE SHARES
The following table sets forth the number of options to purchase shares of Mirabela issued and outstanding
as at April 20, 2007.
Shares Under
Market Value of Shares
Options Exercise or Underlying Options on
Granted Base Price the Date of Grant
Name (#) (A$/Share) (A$/Share) Expiration Date
Executive officers and past executive officers as a group
(1 person) ............................. 300,000 0.95 0.92 April 30, 2010
Directors and past directors (who are not also executive
officers) as a group (1 person) ................ 2,000,000 0.20 — (1) May 31, 2008
400,000 0.60 0.49 June 30, 2009
Consultants as a group (8 persons) ............... 1,200,000 0.60 0.50 June 30, 2009
700,000 0.95 0.92 April 30, 2010
Dundee Securities Limited .................... 250,000 0.95 0.86 October 6, 2007
Total — All options ......................... 4,850,000
Note:
(1) Mirabela’s shares were not publicly listed at the grant date of March 8, 2004.
In addition, on February 27, 2007 the directors of Mirabela granted the following options. Under the ASX
listing rules and the Corporation Act 2001 (Cth), the grant of these options is subject to shareholder approval.
Shares Under
Market Value of Shares
Options Exercise or Underlying Options on
Granted Base Price the Date of Grant
Name (#) (A$/Share) (A$/Share) Expiration Date
Directors .............................. 1,800,000 4.20 4.29 February 23, 2011
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