Aberdeen International Inc.
TSX VENTURE : AAB

Aberdeen International Inc.

January 31, 2006 18:00 ET

Aberdeen Clarifies Closing of Private Placement

TORONTO, ONTARIO--(CCNMatthews - Jan. 31, 2006) -

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

Aberdeen International Inc. (TSX VENTURE:AAB) wishes to correct the press release of January 24, 2006, and is pleased to report that it has closed a private placement financing through the issuance of 5,911,500 Units at a price of $0.80 per Unit for gross proceeds of $4,729,200.00. Each Unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase a common share at $0.90 until January 23, 2008. Each of the common shares and warrants are subject to a hold period that will expire on May 24, 2006. The proceeds of the Offering will be used to further advance 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.
    George Faught
    President & C.E.O.
    (416) 861-5887
    (416) 861-8165 (FAX)