CKUA

[Tackler]

AAB on sale, the next Pinetree?

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Aberdeen Int'l 75-million-share private placement

2007-07-27 14:36 MT - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on May 15 and May 18, 2007.

Number of shares: 75 million common shares

Price: 80 cents per share

Warrants: 37.5 million common share purchase warrants to purchase up to 37.5 million common shares

Warrant price: $1.00 for a five-year period

Hidden placees: 70

Insider: RAB Special Situations (Master) Fund Ltd. five million

Agents' compensation: Orion Securities Inc. and GMP Securities LP acted as agents and have received total compensation consisting of a cash commission equal to 6 per cent of the gross proceeds raised, plus brokers' warrants entitling the agents to acquire up to 4.5 million units at a price of 80 cents per unit, to be exercisable for a period of two years following closing (each unit consists of one common share and one-half of one common share purchase warrant, with full warrants having the same terms as above).