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Aberdeen International Reports Value of Investment Portfolio and Cash of $0.99 per Share at the End of the Third Quarter


TORONTO, ONTARIO -- (MARKET WIRE) -- 11/09/10 -- ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX: AAB) today announces that the value of its investment portfolio as at October 31, 2010, the end of its 2011 third fiscal quarter, was approximately $86.4 million including a cash balance of $4.3 million. This equates to a value of $0.99 per share based on Aberdeen's investment portfolio alone and does not include the value of its gold royalties. This report of the portfolio value is not equivalent to the "Net Asset Value" or "NAV" 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 (e.g. warrants) and corporate debt/loans receivable of the Company.

The value of the investment portfolio increased from the second quarter results for the period ending July 31, 2010 by approximately $24.6 million or 40.0%. Third quarter financial results are expected to be released on or before December 15, 2010, and will include up-to-date shareholders' equity value (previously referred to as "net asset value") which includes the value for our royalties as well as other assets and liabilities.

(CAD millions)                Oct. 31, 2010     Jul 31, 2010    Oct 31,2009
--------------------------------------------------------------------------- Cash and cash equivalents 4.3 3.9 5.8 Investments Publicly traded 51.4 29.4 36.2 Private 14.2 16.2 3.2 Non-trading warrants Intrinsic value 5.7 1.2 3.1 Option value 3.6 3.4 5.9 Portfolio Investments 74.8 50.2 48.3 Equity accounted investment 1.8 Corporate Debt/Loans receivable 7.3 7.8 1.8 --------------------------------------------------------------------------- TOTAL 86.4 61.7 57.7 --------------------------------------------------------------------------- --------------------------------------------------------------------------- --------------------------------------------------------------------------- Shares Outstanding (millions) 86.4 87.5 87.5 $/Share 0.99 0.70 0.66 --------------------------------------------------------------------------- ---------------------------------------------------------------------------

David Stein, Aberdeen's President and COO, commented, "Aberdeen enjoyed significant performance results from its holdings during the third quarter ended October 31, 2010. In particular we saw our top gold holdings increase in value as gold prices moved to record levels and investors put more focus on high-growth emerging producers, such as those included in our investment portfolio. In addition to the strength of our gold holdings, the general environment for small and micro-cap resource stocks improved dramatically over the second quarter, leading to strong positive performance in most of our public holdings. We would note that the strong performance of Sulliden Gold Corporation, which has reported strong drill results over the past several months, has been one of the biggest drivers of our performance. It has risen to be our largest holding, and we remain very positive about the future of this company and associated potential returns for Aberdeen's shareholders."

Besides our gold holdings, we continued to also see value created through our private investments. Forbes & Manhattan Coal Corp. was listed publicly during the past quarter, and in the view of the Company, is already reporting excellent production results. We also received shares of a new private company, Potash Atlantico, as a spin-out of a historical private holding, Amazon Potash. This is the third company spun out from Amazon Potash, of which Aberdeen owns common shares and debt. Previously, Aberdeen has received shares of Brazil Potash (private) and Aguia Resources (ASX: AGR) (formerly Newport Mining) for its common share and debt holdings in Amazon Potash.

Highlights Of The Third Quarter

During the third quarter ended October 31, 2010, Aberdeen benefitted from gains in the majority of its public holdings and is pleased to report positive developments with several of its private holdings.

The best performers amongst Aberdeen's public portfolio in Q3 were: Sulliden Gold Corporation Ltd. (TSX: SUE), which was up 106% in the quarter, to $15.9 million as at October 31, 2010 ($17.0 million including Sulliden Gold warrants held by Aberdeen); and Avion Gold Corporation (TSX VENTURE: AVR), which was up 95% in the quarter, to $4.8 million as at October 31, 2010 ($5.4 million including Avion Gold warrants held by Aberdeen). In our view, the success from Sulliden's current exploration program and drilling results suggest greater potential of the project. Avion Gold has reported good production results over the past few months demonstrating that it is ramping up production at the Tabakoto gold mine in Mali. Other smaller holdings that helped to lead the performance of Aberdeen's portfolio included Apogee Minerals Ltd., Belo Sun Mining Corp. and Rodinia Lithium Inc.. Apogee Minerals (TSX VENTURE: APE), was up 150% in the quarter. Apogee is developing and exploring a large silver project in Bolivia. Belo Sun Mining (TSX VENTURE: BSX), was up 62% in the quarter. Belo Sun is currently drilling its Volta Grande gold project in Brazil, with the goal of significantly expanding the resource and improving the economics of development. Rodinia Lithium (TSX VENTURE: RM), was up 57%. Rodinia has recently been reporting impressive drill results from its Diablillos lithium-potash project in Argentina.

Normal Course Issuer Bid

In the third quarter Aberdeen purchased and cancelled 836,500 shares as part of its Normal Course Issuer Bid ("NCIB"). Aberdeen expects to continue to purchase shares over the remainder of the fiscal year, depending on market conditions and other investment opportunities that may be available. 230,000 shares were issued due to options exercised during the quarter.


We believe that the continued money creation by weak western economies and seasonal demand remains supportive for gold. However barring any new macroeconomic developments we would be cautious with respect to gold prices going into 2011 and watching for a temporary correction. That being said, as we do not manage our investments for the short term and expect to continue to hold large exposure to gold stocks, primarily on the basis of the growth and valuation upside that we see with our individual holdings. In addition to the strong performance of our gold holdings, which has continued on into the month of November, Aberdeen also enjoys exposure to increasing gold prices through its gold mining royalties. Aberdeen also believes that the Asian growth story has been muted due to the market's focus on currencies, weak growth among western economies, and the strong performance of the precious metals. We believe that the materials that fuel the secular growth in Asia will continue to perform well, including oil & gas, coal, uranium, agricultural minerals, iron ore and copper. Aberdeen intends to maintain exposure to these other commodities in order to best benefit from this secular growth story.

Aberdeen has received notice that the court hearing against Simmer and Jack and First Uranium has been postponed until 2011. The Company is still waiting to confirm a new hearing date. During fiscal 2010 Aberdeen filed a statement of claim against Simmer and Jack and against First Uranium seeking payment of the outstanding Graduated Royalty from October 16th 2008 to December 31 2008. The claim also included the unpaid loan principal for US $10 million for a total of US$11.4 MM in claimed damages.

Aberdeen is pleased to report that, after the end of the third quarter, a private oil and gas company held in the portfolio entered into a definitive combination agreement with Sagres Energy (TSX VENTURE: SGI). Upon closing of the transactions contemplated in the agreement, Aberdeen will receive 1.25 million shares of Sagres for its shares held in the private company, and pending the successful completion of two other acquisitions Aberdeen would receive another 3.75 million shares of Sagres. Sagres is a junior oil and gas company with exploration properties in Colombia, Guyana and Jamaica.

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 18 to 24 month investment time frame.

For additional information, please visit our website at www.aberdeeninternational.ca and follow us on 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 statements with respect to the future financial or operating performance of the Company and its investments; valuations of investments; proposed transactions and investments; ; 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 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, 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.

Aberdeen International
Mike McAllister
Manager, Investor Relations
+1 416-309-2134

Aberdeen International
David Stein
President and COO
+1 416-861-5812