Aberdeen International Reports Value of Investment Portfolio and Cash of $0.50 Per Share for First Quarter Ending April 30, 2...
26 Maggio 2014 - 11:01PM
Marketwired
Aberdeen International Reports Value of Investment Portfolio and
Cash of $0.50 Per Share for First Quarter Ending April 30, 2014
TORONTO, ONTARIO--(Marketwired - May 26, 2014) - ABERDEEN
INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) today
announces that the value of its investment portfolio as at April
30, 2014, the end of its 2015 first fiscal quarter, was
approximately $44.0 million including a cash balance of $0.3
million. This equates to a value of $0.50 per basic share
outstanding based on Aberdeen's investment portfolio alone. This
report of the portfolio value is not equivalent to the net asset
value that has been previously reported by Aberdeen as it does not
include assets and liabilities of the Company that are not treated
as investments. Rather, this report refers only to the cash, equity
investments (private and public), option-type investments (for
example, warrants) and corporate debt/loans receivable of the
Company.
The value of the investment portfolio decreased from the value
as at January 31, 2014 by approximately $1.6 million or 3.5
percent. First quarter financial results are expected to be
released on or before June 14, 2014, which include the Company's
other assets and liabilities.
|
April 30, 2014 |
|
January 31, 2014 |
|
April 30, 2013 |
|
|
|
|
|
|
|
|
|
Shares outstanding |
87,349,422 |
|
87,349,422 |
|
85,994,602 |
|
|
|
|
|
|
|
|
|
|
$ |
$/Shares |
|
$ |
$/Shares |
|
$ |
$/Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash on hand |
306,273 |
0.00 |
|
868,267 |
0.01 |
|
3,698,856 |
0.04 |
|
|
|
|
|
|
|
|
|
Investments |
|
|
|
|
|
|
|
|
|
Publicly traded |
16,192,377 |
0.185 |
|
17,216,988 |
0.197 |
|
21,669,343 |
0.252 |
|
Private |
20,437,628 |
0.234 |
|
20,075,953 |
0.230 |
|
21,363,120 |
0.248 |
|
Non-trading warrants |
|
|
|
|
|
|
|
|
|
|
Intrinsic value |
32,500 |
0.000 |
|
25,000 |
0.000 |
|
- |
- |
|
|
Option value |
275,236 |
0.003 |
|
545,909 |
0.006 |
|
929,324 |
0.011 |
|
307,736 |
0.004 |
|
570,909 |
0.007 |
|
929,324 |
0.011 |
Portfolio Investments |
36,937,741 |
0.423 |
|
37,863,850 |
0.433 |
|
43,961,787 |
0.511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans / preferred shares |
6,713,452 |
0.077 |
|
6,902,617 |
0.079 |
|
7,682,603 |
0.089 |
|
|
|
|
|
|
|
|
|
Total |
43,957,466 |
0.503 |
|
45,634,734 |
0.522 |
|
55,343,246 |
0.644 |
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 24 to 36 month
investment time frame.
For additional information, please visit our website at
www.aberdeeninternational.ca.
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
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; 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.
Aberdeen International Inc.Mike McAllisterManager, Investor
Relations+1 416-309-2134info@aberdeeninternational.caAberdeen
International Inc.David SteinPresident and Chief Executive
Officer+1
416-861-5812dstein@aberdeeninternational.cawww.aberdeeninternational.ca
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