Chart usGOLD   Chart usSILVER  
 
Food for thought
The class of those who have the ability to think their own thoughts is separated by an unbridgeable gulf from the class of those who cannot
Ludwig von Mises  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1230.900.34
Silver 17.17-0.02
Platinum 1243.50-2.00
Palladium 776.00-2.75
WORLD MARKETS
DOWJONES 16805128
NASDAQ 448431
NIKKEI 15292153
ASX 539929
CAC 40 4129-29
DAX 8988-60
HUI 184-1
XAU 760
CURRENCIES (€)
AUS $ 1.4416
CAN $ 1.4227
US $ 1.2669
GBP (£) 0.7875
Sw Fr 1.2059
YEN 137.0400
CURRENCIES ($)
AUS $ 1.1382
CAN $ 1.1230
Euro 0.7893
GBP (£) 0.6217
Sw Fr 0.9518
YEN 108.1000
RATIOS & INDEXES
Gold / Silver71.69
Gold / Oil15.17
Dowjones / Gold13.65
COMMODITIES
Copper 3.060.01
WTI Oil 81.14-0.61
Nat. Gas 3.60-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Aberdeen Converts Convertible Debenture Into Common Shares of Portex Minerals Inc.
Published : February 04, 2013
( 0 vote, 0/5 ) Print article
     
Tweet

TORONTO, ONTARIO--(Marketwire - Feb. 4, 2013) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (News - Market indicators) is pleased to announce that it has converted convertible debentures in the principal amount of $1,000,000 plus $62,465 of interest into 21,249,315 common shares of Portex Minerals Inc. ("Portex"). As a result of the conversion, based on 64,984,300 common shares of Portex outstanding, Aberdeen holds 32.7% of the issued and outstanding common shares of Portex. Aberdeen has acquired the Portex shares for investment purposes only and, subject to applicable laws, may trade Portex shares through market transactions, private placements, treasury issuances or otherwise as circumstances or market conditions warrant or arise.

Pursuant to the terms of the debentures, Aberdeen has nominated Geoff Stanley and Richard Bishop to join Portex's board of directors following Portex's upcoming annual general meeting on March 22, 2013.

To obtain a copy of the early warning report filed in connection with this transaction, please contact David Stein at (416) 861-5812.

About Portex Minerals Inc.:

Portex is a Toronto-based mineral development company focused on the acquisition and development of base and precious metals properties in Portugal and Spain. Portex's principal properties are the Lagoa Salgada lead-zinc project in Southern Portugal and the Toral lead-zinc project in North West Spain. Additional information can be found on Portex's website at www.portexminerals.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 (iii) operate in jurisdictions with low to 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.

Cautionary Notes

With respect to all statements herein relating to Portex, its business and its prospects, Aberdeen has relied solely upon the public disclosure of Portex.

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 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.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

Aberdeen International Inc.
Mike McAllister
Manager, Investor Relations
+1 416-309-2134
info@aberdeeninternational.ca
or
Aberdeen International Inc.
Ryan Ptolemy
Chief Financial Officer
416-861-5882
info@aberdeeninternational.ca
www.aberdeeninternational.ca
Data and Statistics for these countries : Portugal | Spain | All
Gold and Silver Prices for these countries : Portugal | Spain | All
Tweet

Aberdeen International Inc.

CODE : AAB.TO
ISIN : CA0030691012
CUSIP : 03069 10 1
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Aberdeen International Inc.
5/31/2012Vale looking cheap at current levels - BlackRock, Aberdeen
Financings of Aberdeen International Inc.
12/10/2012Converts Convertible Debenture Into Common Shares and Warran...
Option Grants of Aberdeen International Inc.
3/12/2012to Make Payment of Semi-Annual Dividend
Financials of Aberdeen International Inc.
9/17/2013Reports Shareholder Equity of $0.61 Per Share for Second Qua...
8/19/2013Reports Value of Investment Portfolio and Cash of $0.59 Per ...
6/17/2013Reports Shareholders' Equity of $0.64 Per Share and First Qu...
5/1/2013Reports Shareholders' Equity of $0.76 per Share and Year End...
2/20/2013Reports Value of Investment Portfolio and Cash of $0.83 Per ...
11/19/2012Reports Value of Investment Portfolio and Cash of $0.77 Per ...
9/14/2012Reports Shareholders' Equity of $0.82 Per Share and Second Q...
8/15/2012Reports Value of Investment Portfolio and Cash of $0.83 Per ...
6/14/2012Reports Shareholders' Equity of $0.91 Per Share and First Qu...
5/18/2012Reports Value of Investment Portfolio and Cash of $0.71 Per ...
4/11/2012to File Annual Financial Statements and MD&A on April 25, 20...
11/17/2011Reports Value of Investment Portfolio and Cash of $1.15 Per ...
8/16/2011Reports Value of Investment Portfolio and Cash of $1.17 Per ...
7/14/2011Reports Shareholders' Equity of $1.51 Per Share and First Qu...
5/17/2011Reports Value of Investment Portfolio and Cash of $1.37 Per ...
4/14/2011Reports Shareholders' Equity of $1.57 Per Share as at Januar...
Corporate news of Aberdeen International Inc.
5/28/2013Announces Intention to Make a Normal Course Issuer Bid
2/4/2013Converts Convertible Debenture Into Common Shares of Portex ...
10/12/2012and Dacha Strategic Metals Inc. Terminate Business Combinati...
6/1/2012Closes Previously Announced Sale of Royalty to Premier Royal...
4/25/2012Agrees to Sell Royalty to Premier Royalty Corporation for $2...
3/2/2012to Attend PDAC at Booth 2529
2/21/2012Reports Value of Investment Portfolio and Cash of $1.08 Per ...
12/13/2011to Release Third Quarter Financial Results and MD&A and Host...
10/11/2011Reports Binding Settlement of Claim Against Simmer & Jack fo...
9/13/2011to Release Second Quarter Financial Results and MD&A on Sept...
8/24/2011Announces Richard Bishop as New Vice President of Investment...
4/1/2011Makes Payment of First Semi-Annual Dividend
3/18/2011Files Supplemental Executive Compensation Disclosure
3/3/2011Announces Semi-Annual Dividend
2/16/2011Reports Value of Investment Portfolio and Cash of $1.43 per ...
2/16/2011Reports Value of Investment Portfolio and Cash of $1.43 per ...
2/16/2011Reports Value of Investment Portfolio and Cash of $1.43 per ...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (AAB.TO)
0.170+13.33%
TORONTO
CA$ 0.170
10/24 15:58 0.020
13.33%
Prev close Open
0.150 0.150
Low High
0.150 0.195
Year l/h YTD var.
0.120 -  0.180 30.77%
52 week l/h 52 week var.
0.110 -  0.180 -%
Volume 1 month var.
1,387,918 21.43%
24hGold TrendPower© : -1
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
201441.67%0.160.12
2013-61.29%0.370.11
2012-49.18%0.650.29
2011-20.78%0.940.50
201087.80%0.770.29
 
5 years chart
 
3 months chart
 
3 months volume chart