WEST PALM BEACH, FL, Sept. 16, 2015 /CNW/ - Lloyd I. Miller, III, the managing member of Milfam II L.P. ("M2"), acquired on September 14, 2015, ownership of 1,502,500 common shares (the "Common Shares") of Aberdeen International Inc. ("Aberdeen") (TSX-AAB) through M2. The Common Shares were acquired through the facilities of the Toronto Stock Exchange at an average price of USD$0.0877 per common share or CDN$0.1164 per common share (based on the Noon Bank of Canada exchange rate), such common shares representing approximately 1.55% of the currently issued and outstanding common shares of Aberdeen.
As a result of the acquisition of the Common Shares, Mr. Miller, through M2, and a trust, owns or has control or direction over an aggregate of 9,917,500 common shares of Aberdeen, representing approximately 10.26% of the currently issued and outstanding common shares.
The Common Shares were acquired for investment purposes. Depending on the evolution of Aberdeen's business, financial condition, the market for Aberdeen's securities, general economic conditions and other factors, Mr. Miller and his joint actors may acquire additional securities of Aberdeen, or sell some or all of the securities they hold, in the open market, by private agreement or otherwise, subject to their availability at attractive prices, market conditions and other relevant factors.
SOURCE Lloyd I. Miller, III
For further information: For inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which has also been filed on www.sedar.com, please contact: Lloyd I. Miller, III, 3300 South Dixie Highway, Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399; Eric Fangmann, 3300 South Dixie Highway, Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399