Aberdeen International Inc.
TSX : AAB

Aberdeen International Inc.

June 23, 2009 12:47 ET

Aberdeen Acquires 11% Stake in Dacha Capital Inc.

TORONTO, ONTARIO--(Marketwire - June 23, 2009) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB) is pleased to announce that it has acquired approximately an 11% interest in Dacha Capital Inc. ("Dacha") (TSX VENTURE:DAC) As part of a 18,181,818 unit private placement, Aberdeen acquired 2,501,551 units with each unit consisting of one common share and one common share purchase warrant at a price of $0.33 per unit. Each whole common share purchase warrant entitles the holder thereof to acquire one common share of Dacha at an exercise price of $0.42 per warrant until June 16, 2012, after which time the exercise price will increase to $0.50 until the expiration of the warrants on June 15, 2014. 2,501,551 common shares of Dacha represent approximately 11% of the issued and outstanding common shares of Dacha. In the event that the Warrants are fully exercised, Aberdeen would hold 5,002,102 common shares of Dacha or approximately 19.9% of the issued and outstanding common shares of Dacha on a partially diluted basis.

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 smoore@aberdeeninternational.ca

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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contact Information

  • Aberdeen International Inc.
    George Faught
    President and CEO
    (416) - 861-5887
    or
    Aberdeen International Inc.
    Stan Bharti
    Executive Chairman
    (416) - 861-5876