Aberdeen International Inc.
TSX : AAB

Aberdeen International Inc.

August 01, 2017 18:00 ET

Aberdeen Acquires Securities in Fura Gems Inc. and Trigon Metals Inc.

TORONTO, ONTARIO--(Marketwired - Aug. 1, 2017) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB) has acquired an additional 2,500,000 Common Shares of Fura Gems Inc. ("Fura") (TSX VENTURE:FUR) in a non-brokered private placement financing of Fura at a price of $0.40 per Common Share for a total purchase price of $1,000,000.

Prior to the acquisition of the aforesaid securities, Aberdeen beneficially owned 9,180,952 Fura common shares. As a result of this transaction, Aberdeen's ownership has increased to 11,680,952 Common Shares and 1,190,476 warrants which represents 19.0% of Fura on an issued and outstanding basis or 20.5% on a partially fully diluted basis.

In addition to the above, Aberdeen has acquired 1,000,000 Units of Trigon Metals Inc. ("Trigon") (TSX VENTURE:TM) in a non-brokered private placement financing of Trigon at a price of $0.30 per Unit. Each Unit is comprised of one common share of Trigon (a "Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant").

Prior to the acquisition of the aforesaid securities, Aberdeen beneficially owned 1,817,169 Trigon common shares. As a result of this transaction, Aberdeen's ownership has increased to 2,817,169 Common Shares and 500,000 warrants which represents 12.0% of Trigon on an issued and outstanding basis or 13.8% on a partially fully diluted basis.

Aberdeen completed these private placements for investment purposes and may buy or sell Fura and/or Trigon securities in the future.

Fura's head office is at P.O. Box 71, Toronto, Ontario, M5H 2M5.

Trigon's head office is at P.O. Box 67, Toronto, Ontario, M5H 2M5.

ABOUT ABERDEEN INTERNATIONAL INC.

Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in the mining and metals sector.

For additional information, including to obtain a copy of either of Aberdeen's related early warning reports, please visit our website at www.aberdeeninternational.ca, follow us on Facebook, Twitter and Linkedin.

Cautionary Notes

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, Aberdeen's possible future trading and intentions, 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 statements 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; and other general risks of the mining and investment industries. 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 TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE

Contact Information

  • Stan Bharti
    Interim President and Chief Executive Officer
    Aberdeen International Inc.
    65 Queen Street West, Suite 800, Toronto, Canada M5H 2M5
    stan@forbesmanhattan.com
    +1 416-861-2267