Aberdeen International Inc. - Early Warning Press Release
21 March 2024 - 8:45AM
ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the
“Company”) (TSX: AAB) announces that it has sold
3,110,000 common shares of AmmPower Corp.
(“
AmmPower”) (
CSE: AMMP) during
the period February 1, 2024 to March 19, 2024, which has resulted
in Aberdeen’s ownership being reduced by 10.5%. As of the date
hereof, Aberdeen holds 26,434,925 common shares of AmmPower,
representing 16.7% of the issued and outstanding shares of
Ammpower.
The Company reviews its holdings from time to
time and may increase or decrease its position as future
circumstances may dictate.
This news release is being issued in accordance
with National Instrument 62-103 - The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues in connection
with the filing of an early warning report dated February 2, 2024.
The early warning report respecting the occurrence giving rise to
this filing has been filed on System for Electronic Document
Analysis and Review ("SEDAR") at www.sedar.com
under AmmPower’s issuer profile.
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.
For additional information, please visit our
website at www.aberdeen.green
For further information, please contact:
Martin Schuermann Chief Executive Officer
Aberdeen International Inc. Martin.Schuermann@aberdeen.green(416)
861-2267
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the investment portfolio of the
Company; the renewable energy and natural resources sectors and the
Company’s future plans. 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
risks inherent in the mining industry and risks described in the
public disclosure of the Company which is available under the
profile of the Company on SEDAR at www.sedar.com and on the
Company's website at www.aberdeen.green. 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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