Aberdeen International Inc T.AAB

RE: RE: RE: Updated NAV + warrants

[Dave4444]

Hi Play, warrants can have all sorts of properties, you have to look at the original terms and conditions.  With these warrants, any holder can exercise them at any time, mind you it would not make a lot of sense to do that as they are not in the money.  The leverage on warrants is tempting, the same as with using margin.  I us neither personally as the risk is not generally worth the reward, not to say the AAB warrants will not make you money, it is simply more risky and I can make plenty of money owning the shares themselves without worrying that time is not on my side.  Warrants are a ticking time bomb that often expire worthless, whereas shares do not have an expriy date.  Just my two cents.  With a hot stock like AAB they may be fine as long as the market does not soften over the next 18 months.  Here is the original news release as can be seen they are plain vanilla warrants with no unusual terms.

Toronto, Ontario, June 7, 2007: ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the

“Company”) (TSX Venture Exchange: AAB) is pleased to announce that it has closed its previously

announced private placement financing (the “Offering”) of subscription receipts (the “Subscription

Receipts”) in connection with its transition to a mining investment company. The total offering was for

75,000,000 Subscription Receipts at a price of
.80 per Subscription Receipt for gross proceeds of $60

million. Aberdeen intends to use the net proceeds from the Offering to become a publicly traded global

resource investment vehicle that can capitalize on the track record of success of its management in the

resources industry and for general corporate purposes.

The gross proceeds of the Offering will be held in escrow (the “Escrowed Proceeds”) and will be released

upon satisfaction of the following conditions (together, the “Escrow Release Conditions”):

(a) (i) the TSX Venture Exchange (the “TSVE”) shall have approved the change of business

focus proposed by the Company and the listing of the Company as a Tier 1 issuer; (ii) the

Company shall have obtained the requisite shareholder approval for the change of business

focus; and (iii) the TSVE shall have conditionally accepted the Offering;

(b) the Company shall have satisfied all of the conditions imposed by the TSVE other than the

release of the Escrowed Proceeds; and

(c) the Company shall have complied with all of its covenants and/or obligations under the

agency agreement entered into in respect of the Offering and the subscription receipt

agreement pursuant to which the Subscription Receipts were issued, except those breaches or

defaults that have been waived by the Agents.

Upon satisfaction of the Escrow Release Conditions, each Subscription Receipt will be automatically

converted into one unit (a “Unit”), each Unit being comprised of one common share in the capital of the

Company and one-half of one common share purchase warrant (“Warrant”). Each Warrant will be

exercisable for one common share of the Company at a price of $1.00 per common share until June 6,

2012. If the Escrow Release Conditions are not satisfied by August 15, 2007, the Escrowed Proceeds will

be returned to the holders of the Subscription Receipts and the Subscription Receipts will be cancelled.