Lloyd I. Miller, III acquires common shares of Aberdeen International Inc.

MONTRÉAL, May 31, 2016 /CNW Telbec/ - Lloyd I. Miller, III, ("Miller") acquired ownership of 172,000 common shares of Aberdeen International Inc. ("Aberdeen") (TSX-AAB), through Lloyd I. Miller Trust A-4 ("Trust A-4"), a trust in respect of which Miller has discretionary investment management authority. These common shares were acquired through the facilities of the Toronto Stock Exchange at an average price of USD$0.123 per common share or CDN$0.159 per common share (based on the Noon Bank of Canada exchange rate), such common shares representing approximately 0.19% of the currently issued and outstanding common shares of Aberdeen. This acquisition increased Miller`s percentage of common shares held in the capital of Aberdeen by approximately 3.10%.

Immediately prior to the transaction described herein, Miller owned 9,917,500 common shares of Aberdeen representing approximately 10.26% of the issued and outstanding common shares of Aberdeen through: (i) Trust A-4, which owned 6,703,000 common shares of Aberdeen, (ii) Lloyd I. Miller, III ("LIM"), a personal investment account, which owned 1,519,000 common shares of Aberdeen and (iii) Milfam II L.P. ("M2"), a partnership of which Miller is the managing member of the general partner, which owned 1,695,500 common shares of Aberdeen.

Immediately after the transaction, Miller owned 11,876,000 common shares of Aberdeen, representing approximately 13.36% of the issued and outstanding common shares of Aberdeen through: (i) Trust A-4, which owns 8,207,500 common shares of Aberdeen, (ii) LIM, a personal investment account, which owns 1,519,000 common shares of Aberdeen, (iii) M2, a partnership of which Miller is the managing member of the general partner, which owns 1,771,500 common shares of Aberdeen, and (iv) LIMFAM LLC, a limited liability company in respect of which Miller is the manager, which owns 378,000 common shares of Aberdeen.

The common shares were acquired for investment purposes. Depending on the evolution of Aberdeen's business, financial condition, the market for Aberdeen securities, general economic conditions and other factors, 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

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Lloyd I. Miller, III

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