FOR IMMEDIATE RELEASE
Toronto, Ontario, July 11, 2008: ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the
“Company”) (TSX: AAB) is pleased to announce that it has increased its holding of common
shares of Longford Energy Inc. (“Longford Energy”). As a result of a purchase as part of the
private placement recently completed by Longford Energy, Aberdeen has acquired 2,000,000
Longford Energy common shares and 1,000,000 share purchase warrants. Each warrant entitles
Aberdeen to acquire one Longford Energy common share at a price of $1.00 at any time prior to
July 10, 2010. Following this purchase, Aberdeen beneficially owns an aggregate of 5,250,887
Longford Energy common shares, which represents approximately 12.7% of the issued and
outstanding Longford Energy common shares. On a partially diluted basis, Aberdeen would hold
approximately 23.0% of Longford Energy common shares.
The additional purchase was made for investment purposes only and Aberdeen could increase or
decrease its investment in Longford Energy as considered beneficial.
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 highquality
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
info@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
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
future shareholdings of the Company, the future intentions of the Company with regard to its
shareholdings; 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, resource prices, competition, financing risks, acquisition risks, risks inherent
in investing in speculative and small capitalization companies, 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.
|