Aberdeen International Inc.
TSX VENTURE : AAB

Aberdeen International Inc.

August 19, 2005 16:15 ET

Aberdeen Announces Private Placement

TORONTO, ONTARIO--(CCNMatthews - Aug. 19, 2005) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES

Aberdeen International Inc. (TSX VENTURE:AAB) is please to announce plans to raise up to $10 Million by way of a non brokered private placement through the issuance of Units priced at $0.80 per Unit. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase a common share at $1.00 for a period of 24 months following closing. The financing remains subject to receipt of regulatory approval. The proceeds of the Offering will be used to fund exploration and development of the Company's assets, and for general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws an may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registrations is available.

Aberdeen International Inc. is a Canadian based company listed on the TSX Venture Exchange under the symbol AAB.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Aberdeen International Inc.
    Tony Wonnacott
    President
    (416) 861-5879