Aberdeen International Reports Value of Investment Portfolio and Cash of $0.83 Per Share for Second Quarter Ending July 31, 2012
15.08.2012 | Marketwire
TORONTO, ONTARIO -- (Marketwire - Aug. 15, 2012) - Aberdeen International Inc. ("Aberdeen", or the "Company") (TSX:AAB) today announces that the value of its investment portfolio as at July 31, 2012, the end of its 2013 second fiscal quarter, was approximately $71.4 million including a cash balance of $4.1 million. This equates to a value of $0.83 per basic share outstanding based on Aberdeen's investment portfolio alone, and with the exception of changes in working capital items and corporate income taxes, should approximate Aberdeen's Shareholder's Equity.July 31, 2012 January 31, 2012 July 31, 2011
Shares outstanding 86,480,139 86,100,139 87,582,639
$ $/Shares $ $/Shares $ $/Shares
Cash on hand 4,073,514 0.05 7,372,118 0.09 3,540,370 0.04
Investments
Publicly traded 34,037,369 0.394 51,916,759 0.603 69,207,035 0.790
Private 14,170,303 0.164 16,325,377 0.190 18,909,369 0.216
Non-trading warrants
Intrinsic value - - 1,915,000 0.022 2,009,167 0.023
Option value 758,996 0.009 2,170,214 0.025 1,282,321 0.015
758,996 0.009 4,085,214 0.047 3,291,488 0.038
Portfolio Investments 48,966,668 0.566 72,327,350 0.840 91,407,892 1.044
Loans / preferred shares 18,372,584 0.212 3,459,778 0.040 6,981,688 0.080
Total 71,412,766 0.826 83,159,246 0.966 101,929,950 1.164
About Aberdeen International Inc:
Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen will seek to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen will focus on companies that: (i) are in need of managerial, technical and financial resources to realize their full potential; (ii) are undervalued in foreign capital markets; and/or (iii) operate in jurisdictions with moderate local political risk. Aberdeen will seek to provide value-added managerial and board advisory services to companies. The Corporation's intention will be to optimize the return on its investment over an 18 to 24 month investment time frame.
For additional information, please visit our website at www.aberdeeninternational.ca and follow us on Facebook and Twitter: AberdeenAAB.
Cautionary Note
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 the impact of the appointment on Aberdeen; 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 future intentions of the Company with regard to its shareholdings; the Company's plan of business operations; 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 outside 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
Mike McAllister
Manager, Investor Relations
+1 416-309-2134
info@aberdeeninternational.ca
Aberdeen International
David Stein
President, Chief Executive Officer
+1 416-861-5812
dstein@aberdeeninternational.ca
www.aberdeeninternational.ca