News Releases

TORONTO, ONTARIO–(Marketwired – Oct. 16, 2015) – ABERDEEN INTERNATIONAL INC. (“Aberdeen”, or the “Company”) (TSX:AAB) regrets to announce the passing of Ken Taylor O.C., a member of the Board of Directors of the Company since December 2014. Mr. Taylor was a diplomat and businessman from Calgary, Alberta and as the former Canadian Ambassador to Iran, he was best known for his role in the 1979 covert operation that helped save the lives of six American hostages during the Iran Crisis. After returning from Iran, Taylor was appointed Canadian Consul-General to New York City. From 1959 to 1984, Mr. Taylor’s served in the Canadian Foreign Service where he was involved in trade development […]

TORONTO, ONTARIO–(Marketwired – Oct. 8, 2015) – ABERDEEN INTERNATIONAL INC. (“Aberdeen”, or the “Company”) (TSX:AAB) has entered into a share purchase agreement with Rodinia Lithium Inc. (“Rodinia”) to purchase all of the shares of Potasio y Litio de Argentina SA. (“PLASA”), which holds the Diablillos lithium-potash project in Argentina. In consideration for the shares, Aberdeen will make aggregate payments to Rodinia of $5,000,000, with $3,000,000 to be paid on closing and $2,000,000 to be paid within six months of closing. In addition, Rodinia will retain a 2.0% net smelter royalty in respect of the project, while Aberdeen will have the right to purchase half of this royalty for $2,000,000 within 24 months of closing. David Stein, […]

TORONTO, ONTARIO–(Marketwired – Sept. 24, 2015) – ABERDEEN INTERNATIONAL INC. (“Aberdeen”, or the “Company”) (TSX:AAB) is reporting results of the 2015 Annual Meeting of Shareholders (the “Meeting”) in accordance with the policies of the Toronto Stock Exchange. The following nominees, as set out in the Management Information Circular, have been elected as directors of the Company at the Meeting held September 24, 2015. Specific results are: % Votes For % Votes Withheld Stan Bharti 98.64 % 1.36 % George Faught 98.65 % 1.35 % David Stein 98.65 % 1.35 % Maurice Coulson 98.51 % 1.49 % John Begeman 98.68 % 1.32 % Ken Taylor 98.51 % 1.49 […]

TORONTO, ONTARIO–(Marketwired – Sept. 16, 2015) – ABERDEEN INTERNATIONAL INC. (“Aberdeen”, or the “Company”) (TSX:AAB) has released its financial results for the second quarter of 2016, ended July 31, 2015. For more information please see the Company’s Condensed Interim Financial Statements and Management’s Discussion and Analysis (“MD&A”) posted on SEDAR at www.sedar.com. As at July 31, 2015, Aberdeen’s Shareholders’ Equity (or Net Asset Value, “NAV”) was $27.6 million, or $0.29 per share. Aberdeen’s shareholders’ equity decreased by $8.7 million from $36.3 million at the end of Q1 2016. The decrease in shareholders’ equity was due to net investment losses of $8.2M resulting from a 37% decline in the share price of Tahoe Resources Inc. during the quarter along with […]

TORONTO, ONTARIO–(Marketwired – Sept. 10, 2015) – ABERDEEN INTERNATIONAL INC. (“Aberdeen”, or the “Company”) (TSX:AAB) has completed the sale of certain public and private holdings to Ore Acquisition Partners, LP (the “Partnership”), an investment vehicle owned by funds managed by Landmark Equity Advisors, LLC (“Landmark Partners”) previously announced on August 13, 2015. Highlights of the Transaction: Gross proceeds generated by the transaction of approximately $8.1 million The right for Aberdeen to earn an additional $2,000,000, payable upon the achievement of certain milestones Management fees payable to Aberdeen for a minimum of three years and up to five years for management and administration services provided to the Partnership, which includes a small minority […]