Aberdeen säljer sina royalties för högt värde relativt börsvärdet, rätt extremt faktiskt. 24 cent cash för något jag tvivlar på att bolaget fick nämnvärd värdering för tidigare. Kurs vid stängning igår 49 cent!
Instinktivt så känner jag beundran för att AAB inte exploderade upp i kurs före denna nyhet. Det är skönt men ack så sällsynt i Kanada med vattentäta skott inför något så här stort. Aberdeen är som bekant ett Forbes Manhattan bolag så likaväl som man ibland kan känna behov att kritisera dom så måste man ge dom en eloge för vad vi ser idag... Detta är mycket bra och personligen skulle jag bli förvånad om inte aktien drar upp mot 10-20% idag. Egentligen vore det motiverat med mer men det är ju svåra tider (något som AAB nu kommer kunna dra nytta av med kraftigt förstärkt kassa).
AAB har också ett återköpsprogram av egna aktier med mkt utrymme, jag gissar att ledningen därför rimligen lägger en del cash på att få upp värderingen från dagens, tja vad kan det vara... 40-45% av substansvärdet.
April 25, 2012
Aberdeen Agrees to Sell Royalty to Premier Royalty Corporation for $20.9 Million
TORONTO,
ONTARIO--(Marketwire - April 25, 2012) - ABERDEEN INTERNATIONAL INC.
("Aberdeen", or the "Company") (TSX:AAB) is pleased to announce it has
entered into an agreement (the "Agreement") with Premier Royalty
Corporation ("Premier Royalty"), a private Ontario company, wholly-owned
by Premier Gold Mines Limited (TSX:PG) ("Premier"), regarding the sale
by Aberdeen of its 1% net smelter return royalty on gold produced from
certain mineral concessions comprising Village Main Reef Limited's
Buffelsfontein Mine and First Uranium Corporation's Mine Waste Solutions
tailings recovery project located in South Africa (the "Royalty").
Pursuant
to the terms of the Agreement, Premier Royalty has agreed to purchase
the Royalty in consideration for an aggregate purchase price of
$20,900,000, which shall consist of a cash payment in the amount of
$11,500,000 and the issuance by Premier Royalty of a convertible
debenture payable to Aberdeen in the amount of $9,400,000 (the
"Convertible Debenture"). The unpaid amounts owing under the Convertible
Debenture shall accrue interest at a rate of 8% per annum and upon
Premier Royalty completing a public offering, or any other comparable
going public transaction (a "Going Public Transaction"), the Convertible
Debenture shall automatically convert into that number of common shares
of Premier Royalty equal to the principal amount and accrued interest
divided by the amount equal to the offering price or deemed price in
connection with the Going Public Transaction less a 10% discount.
In
the event that a Going Public Transaction is not completed on or before
the first anniversary of the closing date of the purchase and sale of
the Royalty (the "Closing Date"), the principal amount and accrued
interest under the Convertible Debenture shall be repaid by Premier
Royalty in cash to Aberdeen in full, or if Premier Royalty elects, and
subject to the approval of Premier Gold, Premier Gold shall satisfy the
Convertible Debenture on Premier Royalty's behalf by issuing that number
of common shares of Premier Gold equal to the principal amount and
accrued interest divided by the volume weighted average price of the
common shares of Premier Gold for the five trading days immediately
prior to the one year anniversary of the Closing Date.
Further,
in the event Premier Royalty completes a Going Public Transaction,
Premier Royalty shall issue to Aberdeen that number of warrants of
Premier Royalty equal to 0.5 multiplied by the number of common shares
of Premier Royalty issued under the Convertible Debenture (each whole
warrant, a "Warrant"). Each Warrant shall entitle Aberdeen to acquire
one common share of Premier Royalty at a price which represents a 25%
premium to the price per Premier Royalty common share issued in
connection with a Going Public Transaction for a period of two years
from the closing date of the Going Public Transaction.
George
Faught, Chief Executive Officer of Aberdeen stated, "We are extremely
pleased to announce the entering into the royalty purchase and sale
agreement with Premier Royalty. The sale price represents the
realization of approximately $0.24 per each outstanding Aberdeen share.
Red efter börsstart:
Bland det värsta jag varit med om. Stor säljare dumpar ut 500k aktier på minus 4%.
Japp, jag tog mkt. Kom och tänka på denna låten... lär väl få äta upp det... men va f@n...
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