Aberdeen Acquires Securities in Q-Gold
28 September 2021 - 1:00PM
ABERDEEN INTERNATIONAL INC.
(“
Aberdeen” or the “
Company”)
(TSX: AAB) (F: A8H) (OTC: AABVF) has acquired 1,666,667 units of
Q-Gold Resources Ltd. (“
Q-Gold”) in a non-brokered
private placement financing of Q-Gold at a price of $0.15 per unit
for a total subscription price of $250,000. Each unit is comprised
of one Q-Gold common share (a “
Common Share”) and
one Q-Gold common share purchase warrant (a
“
Warrant”). Each Warrant is exercisable for one
Common Share at a price of $0.20 for a period of 18 months.
Prior to this transaction, Aberdeen owned
4,865,000 Common Shares of Q-Gold. Subsequent to the closing of
Q-Gold’s private placement on September 28, 2021, Aberdeen held
6,531,667 Common Shares, representing 14% of Q-Gold’s issued and
outstanding Common Shares and 16.97% on a partially diluted
basis.
Aberdeen completed this private placement for
investment purposes and may buy or sell Q-Gold securities in the
future.
ABOUT ABERDEEN INTERNATIONAL INC.
Aberdeen International is a global resource
investment company and merchant bank focused on small
capitalization companies in the rare metals and renewable energy
sectors. AES-100 Inc., an Aberdeen portfolio investment, owns the
exclusive rights and all intellectual property pertaining to T2M
Global’s Advanced Electrolyzer System (AES-100) for the production
of hydrogen from dilute syngas.
For additional information, please visit our
website at www.aberdeen.green
For further information, please contact:
Ryan Ptolemy Chief Financial Officer Aberdeen
International Inc. ryanp@fmfinancialgroup.com +1 416-861-5882
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 the future financial or
operating performance of the Company, Aberdeen’s possible future
trading and intentions, valuations of investments, 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 statements 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; and other general risks of the mining and investment
industries. 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.
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