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ABERDEEN INTERNATIONAL ANNOUNCES 2007 YEAR END FINANCIALS

03/25/2008

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  • NET ASSET VALUE OF $0.96 PER SHARE
  • PURCHASES COMMENCED UNDER NORMAL COURSE ISSUER BID
  • Aberdeen to Host conference call on Thursday March 27, 2008 at 10:00am ET
FOR IMMEDIATE RELEASE
March 25th, 2008

Toronto, Ontario, March 25th, 2008: ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”) (Toronto Stock Exchange: AAB) is pleased to announce that it has released its financial results for the 12 months ending January 31 2008.

As at January 31 2008, Aberdeen’s Net Asset Value was $98.8 million or $0.96 per share. Aberdeen’s NAV is calculated as follows:
  • Cash and cash equivalents of $28.9 million, or $0.28 per share, plus
  • Estimated Fair Market Value of our Portfolio Investments of $37.1 million, or $0.36 per share, plus
  • Discounted Cash Flow value of our Royalty Loan Facility on the Buffels Gold operation held by Simmer and Jack PTY (SIM:SJ) and First Uranium Corporation (FIU :TSX) of $45.4 million, or $0.44 per share, plus
  • Other assets of $2.4 million, or $0.02 per share, less
  • Total liabilities of $15.0 million, or $0.15 per share. (includes $11.3 million in Future Tax Liability on the Royalty Loan Facility)
Aberdeen will host a conference call to update shareholders on Thursday March 27, 2008 at 10:00 a.m. E.T., which Stan Bharti and George Faught will moderate.

Conference call details
Conference date: Thu Mar 27, 2008
Conference time: 10:00 AM Time zone: Eastern
Duration (mins): 60 Number of lines 50
Dial-in number(s): 416-620-3447 / 800-952-4972.

Stan Bharti, Chairman of Aberdeen stated, “this quarter has seen Aberdeen continue to make strategic Portfolio Investments in line with our business strategy. In the 4th quarter, Aberdeen invested over $8.0 million in two early stage Iron Ore projects in the Labrador Trough in Quebec and Labrador. With the continued success of Consolidated Thompson Iron Mines Limited (TSX:CLM) and continued increases in iron ore demand and pricing, we believe much value remains to be realized in this mining camp. Our investment in Labrador Iron Mines Holdings Limited (TSX:LIR) and Quinto Mining Corporation (TSX-V:QU) highlights our confidence in this sector of the resource market”.

For the year ending January 31, 2008, Aberdeen recorded earnings before tax of $4.2 million and net income of $2.6 million. The Fourth Quarter continued to be quite active for Aberdeen, closing six Portfolio Investments totaling $15.9 million. Aberdeen’s Royalty Loan Facility provided royalty and interest income of $1.45 million in revenue in the Fourth Quarter quarter as the price of gold continued to appreciate with full year revenue of $4.1 million from this facility. At current gold prices, the graduated royalty rate under the Royalty Loan Facility has reached a level of 4.75% on all gold produced by the Simmer and Jack’s underground Buffels mine as well as the Tailings Recovery Project operated by First Uranium. Aberdeen expects to receive approximately US$10.8 million in royalty revenue in calendar 2008 based on forecasted production figures released by Simmer and Jack and First Uranium

On January 31, 2008, Aberdeen announced it had initiated a Normal Course Issuer Bid to purchase for cancellation its common shares through the facilities of the Toronto Stock Exchange. Based on the public float of 81,888,340 common shares the Company may purchase for cancellation a maximum of 8,188,834 shares in 2008. As of today’s date, Aberdeen has re-purchased for cancellation 471,600 shares at an average price of $0.50 per share.

George Faught, Aberdeen’s President and CEO, stated, “2007 has been a successful transitional year for the Company. We have seen Aberdeen migrate from a Royalty company to a merchant banking and resource investment company; raised $60 million in new equity investment; graduated to the Toronto Stock Exchange and have made over $28 million in portfolio investments which have appreciated by $8.9 million to year-end. The fourth quarter was particularly hard on valuations for junior resource companies, yet we were still able to maintain our NAV at $0.96 per share”. Mr. Faught went on to state that, “Aberdeen holds a significant cash position, enjoys a strong cash flow component from our Gold Royalties, and is well positioned to make further equity investments at an optimal time in the market”.

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
For further information please contact
George Faught Stan Bharti
President and CEO Executive Chairman
Tel: (416) - 861 – 5887 Tel: (416) - 861-5876

Cautionary Notes

Cautionary Note Regarding Forward-Looking Information 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, 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 state 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; general other risks of the mining industry and investment industry. 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.