Welcome To The Aberdeen International HUB On AGORACOM
Edit this title from the Fast Facts Section
Message: Aberdeen Acquires 7,075,000 Shares Under Issuer Bid
| May 14, 2009 |
| Aberdeen Acquires 7,075,000 Shares Under Issuer Bid |
| TORONTO, ONTARIO--(Marketwire - May 14, 2009) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB) is pleased to announce that it has acquired a block of 7,075,000 common shares of the Company at a price of $0.24 per share under its Normal Course Issuer Bid. This transaction effectively closes out the Normal Course Issuer Bid for 2009. Following the cancellation of these shares Aberdeen currently has 87.5 million shares outstanding. Management and Directors have increased ownership to approximately 13%. 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 (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. Aberdeen International Inc. Please visit the Company's web site at www.aberdeeninternational.ca or write us at [email protected] |
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply