Aberdeen Acquires Securities in Jourdan
September 22 2020 - 4:00PM
ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”)
(TSX: AAB) has acquired 5,000,000 units of Jourdan
Resources Inc. (“
Jourdan”)
(
TSX-V: JOR) in a non-brokered
private placement financing of Jourdan at a price of $0.015 per
unit for a total subscription price of
$75,000. Each unit is comprised of one
Jourdan common share and one Jourdan common share purchase
warrant. Each common share purchase warrant is
exercisable for one common share of Jourdan at a price of $0.05 for
a period of 24 months.
Prior to this transaction, Aberdeen owned
8,333,333 common shares of Jourdan, representing approximately
14.2% of the then issued and outstanding shares on a non-diluted
basis. As a result of this transaction, Aberdeen owns 13,333,333
Jourdan shares and 5,000,000 Jourdan common share purchase
warrants, which represents 12.3% of Jourdan on an issued and
outstanding basis or 16.1% on a partially diluted basis.
Aberdeen completed this private placement for
investment purposes and may buy or sell Jourdan securities in the
future.
ABOUT ABERDEEN INTERNATIONAL
INC.
Aberdeen International is a global resource
investment company and merchant bank focused on small
capitalization companies in the mining and metals sector.
For additional information, including to obtain
a copy of either of Aberdeen’s related early warning reports,
please visit our website at www.aberdeeninternational.ca
or contact:
Ryan PtolemyChief Financial OfficerAberdeen
International Inc.65 Queen Street West, Suite 800Toronto, Canada
M5H 2M5ryanp@fmfinancialgroup.com+1 416-861-2267
Cautionary Notes
This press release contains "forward looking
information" within the meaning of applicable Canadian securities
legislation. Forward looking information includes, but is not
limited to, statements with respect to the future financial or
operating performance of the Company, Aberdeen’s possible future
trading and intentions, valuations of investments, proposed
transactions and investments, investment philosophy and liabilities
and commitments. Generally, forward looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: financing not being available at desired prices;
general business, economic, competitive, political and social
uncertainties; and other general risks of the mining and investment
industries. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE HAS
NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OF THIS
RELEASE
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