NewsAberdeen International to Commence Trading on the Toronto Stock Exchange on Wednesday, January 30, 2008
TORONTO, ONTARIO, Jan 28, 2008 (MARKET WIRE via COMTEX News Network) --
ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX VENTURE: AAB) is pleased to announce that its common shares and certain of its share purchase warrants ("Warrants") will commence trading on the Toronto Stock Exchange (TSX) at market opening on Wednesday, January 30, 2008. The Company's stock symbol will remain "AAB".
The Aberdeen Warrants that have an exercise price of $1.00 per warrant and an expiry date of June 6, 2012 are to be listed. The Warrants will trade under the stock symbol "AAB.WT".
George Faught, the President and Chief Executive Officer of the Company, stated, "Graduating to the Toronto Stock Exchange is a significant accomplishment for us since our transformation to a global resource and investment banking company in June 2007. We are greatly pleased to be joining the TSX and look forward to the continued growth of our investment portfolio."
Stan Bharti, Chairman of Aberdeen, stated: "The Toronto Stock Exchange is the pre-eminent global exchange for resource companies and Aberdeen's graduation from the Venture Exchange demonstrates our continued focus on building shareholder value at Aberdeen".
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 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.