TORONTO, ONTARIO--(Marketwired - Feb. 18, 2014) - ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) today announces that the value of its investment portfolio as at January 31, 2014, the end of its 2014 fourth fiscal quarter, was approximately $46.8 million including a cash balance of $0.7 million. This equates to a value of $0.54 per basic share outstanding based on Aberdeen's investment portfolio alone. This report of the portfolio value is not equivalent to the net asset value that has been previously reported by Aberdeen as it does not include assets and liabilities of the Company that are not treated as investments. Rather, this report refers only to the cash, equity investments (private and public), option-type investments (for example, warrants) and corporate debt/loans receivable of the Company.
The value of the investment portfolio decreased from the value as at October 31, 2013 by approximately $0.9 million or 1.8 percent. Fourth quarter financial results are expected to be released on or before May 1, 2014, which include the Company's other assets and liabilities.
| |
January 31, 2014 |
October 31, 2013 |
January 31, 2013 |
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|
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|
|
|
| Shares outstanding |
87,349,422 |
85,449,422 |
85,994,602 |
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|
|
| |
$ |
$/ Shares |
$ |
$/ Shares |
$ |
$/ Shares |
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|
|
|
|
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|
|
|
|
|
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| Cash on hand |
651,632 |
0.01 |
1,176,224 |
0.01 |
10,417,577* |
0.12 |
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|
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| Investments |
|
|
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|
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Publicly traded |
17,251,008 |
0.197 |
17,654,947 |
0.207 |
29,844,393 |
0.347 |
| |
Private |
20,724,139 |
0.237 |
20,067,856 |
0.235 |
21,039,834 |
0.245 |
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Non-trading warrants |
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|
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|
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|
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Intrinsic value |
25,000 |
0.000 |
- |
- |
1,032,114 |
0.012 |
| |
|
Option value |
545,909 |
0.006 |
329,433 |
0.004 |
1,415,665 |
0.016 |
| |
570,909 |
0.007 |
329,433 |
0.004 |
2,447,779 |
0.028 |
| Portfolio Investments |
38,546,056 |
0.441 |
38,052,236 |
0.445 |
53,332,006 |
0.620 |
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| Loans / preferred shares |
7,554,420 |
0.086 |
8,421,625 |
0.099 |
6,116,040 |
0.071 |
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|
|
|
|
|
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| Total |
46,752,108 |
0.535 |
47,650,085 |
0.558 |
69,865,623 |
0.812 |
| * Includes cash from trades made at the end of January 2013 but settled in February 2013. |
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/or (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 24 to 36 month investment time frame.
For additional information, please visit our website at www.aberdeeninternational.ca and follow us on Facebook and Twitter: AberdeenAAB.
Cautionary Note
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding past success as an indicator of future success; net asset value of the Company; the potential of investee companies and the appreciation of their share price; the Company's plan of business operations; and anticipated returns. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.