Friday, December 11, 2009

ABERDEEN INTERNATIONAL COMPLETES INVESTMENTS IN VIRGINIA URANIUM INC.

Comment:  This blog will keep up with all the trades of VUI and Santoy Resources Ltd. is called Virginia Energy Resources Inc. and will trade under the ticker symbol VAE! We need info on them when they ruin our countryside with uranium mining and milling!

October 15th 2007


Aberdeen International Inc. - AAB

Toronto, Ontario, October 15, 2007: ABERDEEN INTERNATIONAL INC. (�Aberdeen� or the �Company�) (TSX Venture Exchange: AAB) is pleased to announce that it has completed investments in Virginia Uranium Inc. (�VUI�).

As part of a $19,000,000 private placement by VUI, Aberdeen has acquired 666,667 Special Warrants priced at $1.50, for an aggregate investment of $1,000,000.

Each Special Warrant entitles Aberdeen to acquire one common share of VUI for no additional consideration.

In the event that VUI does not complete an IPO by the date that is four months following the closing of the financing, the Special Warrant shall be exercisable for 1.1 VUI common shares.

Virginia Uranium Inc holds a 100% interest in the Coles Hill deposit in Southern Virginia, which is believed to host one of  undeveloped uranium deposits in North America.

The VUI financing was led by Cormark Securities Inc and included a syndicate comprised of CIBC World Markets, Raymond James Ltd., Canaccord Capital Corp, Wellington West Capital Markets Inc and Westwind Partners Inc.

Stan Bharti, Chairman of Aberdeen, stated, �Both Virginia represent ground floor opportunities in the growing Energy Sector, particularly in the Nuclear and Alternative Energy space.

Virginia has the potential to move to production relatively quickly as a source of domestic uranium supply not currently being met with other producers in the USA.

Read more at:
http://canstock.com/shownews.php?article_id=1172