Aberdeen Converts Convertible Debenture Into Common Shares and Warrants of Premier Royalty Corporation
10 Dicembre 2012 - 10:05PM
Marketwired
ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB)
is pleased to announce that it has converted a $9,400,000
convertible debenture plus $389,820 of interest into 7,769,698
common shares and 3,884,849 warrants (priced at $1.75) of Premier
Royalty Corporation ("Premier"). As a result of these purchases,
based on approximately 62,900,000 common shares of the Issuer
outstanding, Aberdeen holds approximately 17.5% on a partially
fully diluted basis of the issued and outstanding common shares of
the Issuer. Aberdeen has acquired the Premier securities for
investment purposes only and may trade Premier securities through
market transactions, private placements, treasury issuances or
otherwise as circumstances or market conditions warrant or arise.
To obtain a copy of the early warning report filed in connection
with this transaction, please contact David Stein at (416)
861-5812.
About Premier Royalty:
Premier Royalty Corporation is a wholly-owned subsidiary of
Premier Gold Mines Limited, one of North America's leading
exploration and development companies with a high-quality pipeline
of projects focused in proven, safe and accessible mining
jurisdictions in Canada and the United States. Premier Gold's
portfolio includes significant assets in world class gold mining
districts including Red Lake, Musselwhite and Geraldton in Ontario
and the Carlin and Battle Mountain Trends in Nevada. Premier Gold
believes that the consolidation of existing royalties owned by
Premier Gold combined with the acquisition of other high quality
cash flowing royalty assets into Premier Royalty will form the
basis of a transaction that is value accretive to Premier Gold
shareholders.
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 low to 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
info@aberdeeninternational.ca.
Cautionary Notes
With respect to all statements herein relating to Premier, its
business and its prospects, Aberdeen has relied solely upon the
public disclosure of Premier.
This press release contains "forward looking information" within
the meaning of applicable Canadian securities legislation. Forward
looking information includes, but is not limited to, statements
with respect to the future financial or operating performance of
the Company, valuations of investments, proposed transactions and
investments, investment philosophy and liabilities and commitments.
Generally, forward looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to:
financing not being available at desired prices; general business,
economic, competitive, political and social uncertainties; general
other risks of the mining industry and investment industry.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward
looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE
Contacts: Aberdeen International Inc. Mike McAllister Manager,
Investor Relations +1 416-309-2134info@aberdeeninternational.ca
Aberdeen International Inc. Ryan Ptolemy Chief Financial Officer
416-861-5882info@aberdeeninternational.ca
www.aberdeeninternational.ca
Grafico Azioni Aberdeen (TSX:AAB)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Aberdeen (TSX:AAB)
Storico
Da Mag 2023 a Mag 2024