TSX: AAB last: chg: delayed 15-20 min View More

Aberdeen Announces AGM Results


TORONTO, ONTARIO--(Marketwired - July 7, 2014) - ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management proxy circular dated May 30, 2014 for the 2014 Annual and Special Meeting of shareholders (the "Meeting") were elected as directors of the Company.

Detailed results of the vote for the election of directors held at the Meeting on June 26, 2014 in Toronto, Ontario are set out below.

% Votes
% Votes
Stan Bharti 21,780,266 77.52% 6,314,725 22.48%
George Faught 21,762,666 77.46% 6,332,325 22.54%
David Stein 21,762,666 77.46% 6,332,325 22.54%
Michael Hoffman 21,550,666 76.71% 6,544,325 23.29%
Bruce Humphrey 23,682,566 84.29% 4,412,425 15.71%
Hon. Pierre Pettigrew, P.C. 23,672,666 84.26% 4,422,325 15.74%
Bernie Wilson 23,660,666 84.22% 4,434,325 15.78%

A total of 28,458,792 common shares were voted in connection with the Meeting, representing approximately 32.5% of the issued and outstanding common shares of the Company. The results of other matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR (www.sedar.com).

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 24 to 36 month investment time frame.

For additional information, please visit our website at www.aberdeeninternational.ca.

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 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 Information:
Aberdeen International Inc.
Mike McAllister
Manager, Investor Relations
+1 416-309-2134

Aberdeen International Inc.
David Stein
President and Chief Executive Officer
+1 416-861-5812