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Aberdeen International Acquires Securities in Q-Gold
TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) -- ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”) (TSX: AAB) (F: A8H) (OTC: AABVF) has acquired 1,666,667 un
About this update from Aberdeen International Inc.
[{"type":"text","content":" TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) -- 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. [email protected] +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 \"belie...