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TORONTO, May 13, 2024 (GLOBE NEWSWIRE) — Aberdeen International Company (“Aberdeen” Or the (the “Company”) (TSX: AAB) announces that it has sold 5,217,000 common shares of AmmPower Corp. (“AmmPower“) (Special search engine: AMMP) during the period from 20 March 2024 to 13 May 2024, resulting in a decrease in Aberdeen ownership by 19.7%. As of its date, Aberdeen owns 21,217,925 common shares of AmmPower, representing 13.17% 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 conditions dictate.
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This press release is issued in accordance with National Instrument 62-103 – Early Warning System, Related Takeover Bids and Insider Reporting Issues in connection with the filing of an early warning report dated May 13, 2024. The early warning report relating to respecting the event giving rise to this filing was filed on the analysis system and review electronic documents (“Realize“) on www.sedar.com under the AmmPower issuer profile.
About Aberdeen International Company
Aberdeen International is a global resource investment firm and merchant bank focused on small-cap companies in the rare earths and renewable energy sectors.
For additional information, please visit our website at www.aberdeen.green
For more information, please contact:
Martin Schumann
chief executive officer
Aberdeen International Company
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, but is not limited to, statements regarding the Company's investment portfolio; 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 Company's general disclosure is available under the Company's profile 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 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 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 undertakes no obligation to update any forward-looking information, except in accordance with applicable securities laws.
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