Aberdeen Announces the Appointment of Fred Leigh as Chief Executive Officer and Other Updates
31 July 2024 - 11:00PM
ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the
“Company”) (TSX: AAB, F:A8H, OTC:AABVF) is
pleased to announce the appointment of Fred Leigh as the Chief
Executive Officer and a director of the Company effective
immediately.
Mr. Leigh has been involved in the resource
sector for more than 35 years and has had a significant role as
founder, director and/or investor in many public companies. Mr.
Leigh is also the founder and President of VC7K Capital Inc. a
privately held company which, for over 18 years, has invested in
early stage opportunities in the resource sector.
Mr. Leigh replaces Martin Schuermann as the
Chief Executive Officer, who has resigned as the Chief Executive
Officer of the Company and as Chairman of the Board of Directors of
the Company. The board and management of the Company express their
gratitude to Mr. Schuermann for his efforts and extensive
contributions to the Company.
Disposition of AmmPower
Shares
The Company also announces that it has sold
1,500,000 common shares of AmmPower Corp.
(“AmmPower”) (CSE: AMMP) during the period July 5,
2024 to July 29, 2024, which has resulted in Aberdeen’s ownership
being reduced by 8.5%. As of the date hereof, Aberdeen holds
16,082,925 common shares of AmmPower, representing 9.98% 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 July 31, 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.sedarplus.ca 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:
Fred LeighChief Executive Officer Aberdeen
International Inc. (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 appointment of directors and officers 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.sedarplus.ca 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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