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

Aberdeen International Issues Early Warning Report Pursuant to NI 62-103; Acquisition of Common Shares of Rodinia Lithium Inc.


TORONTO, ONTARIO--(Marketwired - Oct. 20, 2014) -


ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) -

This press release is being disseminated pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of securities of Rodinia Lithium Inc. ("Rodinia") pursuant to a shares for debt settlement. Upon completion of the share for debt settlement, Rodinia issued to Aberdeen 15,362,811 common shares of Rodinia (the "Common Shares") at a deemed price of $0.065 per Common Share on October 1, 2014. The shares for debt settlement represents the full and final satisfaction of $998,582.72 owing to Aberdeen pursuant to a credit facility agreement entered into between Aberdeen and Rodinia on February 22, 2013, and accordingly the credit facility agreement has been terminated.

Prior to the completion of the share for debt settlement, Aberdeen held 2,000,000 Common Shares. Upon completion of the share for debt settlement, Aberdeen now holds in the aggregate 17,362,811 Common Shares, representing a 13.05% interest in Rodinia on an undiluted basis. The Common Shares were acquired as a result of the debt settlement and for investment purposes. Aberdeen may increase or decrease its beneficial ownership or control of RM Shares depending on market or other conditions. The Common Shares are subject to statutory resale restrictions which expire on February 2, 2015.

In connection with this news release, the Early Warning Report has been filed in accordance with applicable securities laws. A copy of the Early Warning Report will be available for review under Rodinia's profile on SEDAR at 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 and follow us on Facebook and 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 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