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TORONTO, ONTARIO--(Marketwired - Sept. 16, 2014) - ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) is pleased to announce that it has entered into a non-binding term sheet with Landmark Equity Advisors, LLC ("Landmark"), whereby Landmark (through a vehicle to be formed (the "Acquiror")) will acquire from Aberdeen certain of its public company and private company portfolio investments, in each case consisting of equity and debt interests held by Aberdeen (the "Assets") for gross proceeds to Aberdeen of $29,000,000, subject to certain adjustment. In addition, Aberdeen has the right to an additional $2,000,000 earn out payable upon the achievement of certain milestones. Aberdeen will provide management services to the Acquiror. |
