Board exodus at Mirabel Nickel January 13, 2014 - 3:06PM Mirabela Nickel chairman Geoff Handley and fellow directors Colin Steyn and Peter Nicholson have resigned from the company's board. According to recent media reports, debt holders are considering issuing a lifeline of under $100 million aimed at tiding the miner over a looming cash crunch. A recapitalisation could be spearheaded by major shareholder and private equity firm, Resource Capital Funds. If RCF were to commit more money, a more lenient repayment schedule would need to be extracted from the loan holders as well as Brazilian lender Banco Bradesco, which extended a $US50 million ($53.2 million) debt facility to Mirabela.