Aberdeen Completes Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwired - May 4, 2016) - Aberdeen International Inc. ("Aberdeen", or the "Company") (TSX:AAB) has successfully completed its normal course issuer bid ("NCIB") for the year as announced in the press release dated March 8th, 2016.
Under the NCIB, Aberdeen was able to purchase for cancellation 10% of the common shares in the public float. Based on the 66,168,462 common shares in the public float as of March 2, 2016, the maximum number of shares eligible to be purchased and cancelled was 6,616,846.
Aberdeen utilized a block transaction to purchase 6,616,846 shares with a purchase price of $0.18 for $1,191,032.28. After the cancellation of those shares, the outstanding share count of Aberdeen is now 88,912,282 and the NCIB is considered closed for the year.
ABOUT ABERDEEN INTERNATIONAL
Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in the mining and metals sector. African Thunder Platinum, Aberdeen's premiere investment, is a lower-cost platinum group metals project in South Africa's well-known Bushveld Complex. Aberdeen has further enhanced its investment holdings with its holding of 50% of Potasio y Litio de Argentina SA, which holds the Sal de los Angeles lithium project in Argentina.
For additional information, please visit our website at www.aberdeeninternational.ca and follow us on Facebook, Twitter, LinkedIn and check out Aberdeen's YouTube Channel.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding, proceeds to be received on closing or subsequently, the ability of the Company to generate additional value for shareholders as a result of such transactions, past success as an indicator of future success; net asset value of the Company; the potential of investee companies and the appreciation of their share price; the Company's plan of business operations; industry opportunities and dynamics and anticipated returns. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are beyond the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Contact
Aberdeen International Inc.
Rob Hopkins
Manager, Investor Relations
+1 416-861-5899
info@aberdeeninternational.ca
Aberdeen International Inc.
David Stein
President and Chief Executive Officer
+1 416-861-5812
dstein@aberdeeninternational.ca