Mirabela in halt pending $145m raising

Shares in Mirabela Nickel have been placed in a trading halt as the company prepares for a $US95 million ($A145 million) capital raising.

Mirabela said it expects to lift the trading halt by March 17.

Earlier this week, the nickel hopeful received an additional $US40 million towards its debt facility, which has been agreed to by a consortium of lenders.

The total $US190 million debt facility is conditional on Mirabela raising $US95 million. Funds raised will go towards the Santa Rita nickel project in Brazil and paying obligations.

Mirabela has already secured the services of a Toronto-based broker to manage the raising and warned in its interim report that there existed material uncertainty over the equity raising.

If the equity raising not succeed, there lay significant doubt over Mirabela's ability to continue operating will be, the company has previously said.

Shares in Mirabela last traded at $1.43.