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Aberdeen Provides Corporate Update

19.11.2013  |  Marketwired

TORONTO, ONTARIO--(Marketwired - Nov 18, 2013) - Aberdeen International Inc. ("Aberdeen", or the "Company") (TSX:AAB) is pleased to report an update with respect to its strategic review process. Management of Aberdeen has committed to pursue a strategy that would transition the Company from an investment holding company to an asset management business over the coming years. Aberdeen has engaged Sixpoint Partners LLC ("Sixpoint") of New York as its strategic advisor.

David Stein, President and CEO noted, "Aberdeen has built a strong track record over the past eight years as the primary investment vehicle for the Forbes & Manhattan Group. With a fundamental change in the mining capital market dynamics over the past few years, we firmly believe Aberdeen can deliver its best value going forward by adjusting its business model to better take advantage of the tremendous market opportunities we are seeing."

"We are excited to be partnering with Sixpoint to explore potential strategic transactions which may provide the Company with highly accretive growth opportunities. While current market conditions cannot guarantee that any such transaction will be completed, management of Aberdeen recognizes the importance of exploring such alternative transactions during this extended period of weak equity markets."

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 low to moderate local political risk. Aberdeen will seek to provide value-added managerial and board advisory services to companies.

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 the ability to complete a strategic transaction, the anticipated timing with respect to the completion of any strategic transaction, the ability of the Company to generate additional value for shareholders as a result of such strategic transactions, if completed at all, 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.



Contact

Aberdeen International Inc.
Mike McAllister
Manager, Investor Relations
+1 416-309-2134
info@aberdeeninternational.ca
Aberdeen International Inc.
David Stein
President and Chief Executive Officer
+1 416-861-5812.
dstein@aberdeeninternational.ca
www.aberdeeninternational.ca


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