Aberdeen Converts Convertible Debenture Into Common Shares of Portex Minerals Inc.
04 Febbraio 2013 - 4:51PM
Marketwired
ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB)
is pleased to announce that it has converted convertible debentures
in the principal amount of $1,000,000 plus $62,465 of interest into
21,249,315 common shares of Portex Minerals Inc. ("Portex"). As a
result of the conversion, based on 64,984,300 common shares of
Portex outstanding, Aberdeen holds 32.7% of the issued and
outstanding common shares of Portex. Aberdeen has acquired the
Portex shares for investment purposes only and, subject to
applicable laws, may trade Portex shares through market
transactions, private placements, treasury issuances or otherwise
as circumstances or market conditions warrant or arise.
Pursuant to the terms of the debentures, Aberdeen has nominated
Geoff Stanley and Richard Bishop to join Portex's board of
directors following Portex's upcoming annual general meeting on
March 22, 2013.
To obtain a copy of the early warning report filed in connection
with this transaction, please contact David Stein at (416)
861-5812.
About Portex Minerals Inc.:
Portex is a Toronto-based mineral development company focused on
the acquisition and development of base and precious metals
properties in Portugal and Spain. Portex's principal properties are
the Lagoa Salgada lead-zinc project in Southern Portugal and the
Toral lead-zinc project in North West Spain. Additional information
can be found on Portex's website at www.portexminerals.com.
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 Portex, its
business and its prospects, Aberdeen has relied solely upon the
public disclosure of Portex.
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 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
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