By Sheri Kasprzak
New York, Dec. 27 - Aberdeen International Inc. said it has concluded its previously announced C$10 million private placement for C$3.9 million.
The company issued 4,875,000 units at C$0.80 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$1.00 each for two years.
RAB Special Situations Fund Ltd. bought 3 million of the units and Top-Gold AG bought 1 million of the units.
The deal was first announced Aug. 19 as being comprised of up to 12.5 million units under the same terms.
The proceeds will be used for general corporate purposes.
Based in Toronto, Aberdeen is a mineral exploration and drilling company.
| Issuer: | Aberdeen International Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3.9 million
|
| Units: | 4,875,000
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| Price: | C$0.80
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
| Pricing date: | Aug. 19
|
| Settlement date: | Dec. 23
|
| Stock price: | C$0.81 at close Aug. 19
|
| Stock price: | C$0.80 at close Dec. 23
|
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