Aberdeen exercises its option to acquire 1.0% NSR royalty on the Sal de los Angeles lithium project in Argentina
Friday, Aug 11, 2017
ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB) has exercised its pre-existing right and acquired a 1.0% net smelter returns royalty in respect of the Sal de los Angeles lithium project in Argentina. In consideration for this royalty, Aberdeen has paid Routemaster Capital CAD$1,000,000 in cash and CAD$1,000,000 through the issue of 7,140,000 Aberdeen common shares. At a deemed price of $0.14 per common share, the 7,140,000 Aberdeen common shares have an aggregate value of $1,000,000.

The issue of Aberdeen common shares on the purchase of the royalty is subject to approval of the Toronto Stock Exchange. The shares have a statutory, four-month hold period.

ABOUT ABERDEEN INTERNATIONAL INC.

Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in the mining and metals sector.

For more information, please visit: http://www.aberdeeninternational.ca

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