17.8.2007: Meldung: AAER Inc.: private placement completed
Wednesday August 15, 5:37 pm ET
MONTREAL, Aug. 15 / AAER Inc. ("AAER") is pleased to confirm that the first tranche of its private placement announced in our press release dated July 23, 2007 was completed today for an amount of $2,028,899.95. The financing consisted of an issuance of 5,796,857 units (the "Units") at a price of $0.35 per Unit. Each Unit consists of one AAER common share and one common share purchase warrant. Each common share purchase warrant is exercisable at any time before 5:00 pm (Montreal time) on August 14, 2012 at a price of $0.60 per share.
AAER intends to use the proceeds of this first tranche of the offering for general corporate purposes, acquisition of moveable assets and working capital.
Canaccord Capital Corporation has acted as agent for this offering and has received, as compensation, a commission of $202,890 in cash, a total of 579,686 share purchase warrants that can be exercised to acquire common shares during a 24-month period following the closing at a price of $0.35 per common share, and financing fees payable through the issuance of 300,000 common shares.
Securities issued as part of this offering are subject to a four-month hold period.
About AAER Inc., (TSX-V: AAE - News)
AAER is a wind turbine manufacturer, located in Bromont, Quebec, and operating with a strategy of progressively building its product"s components. The Company"s mission is to manufacture and maintain high-capacity wind turbines of 1 MW and more in North America. AAER uses proven European technologies to ensure high performance of its turbines in various wind conditions and on complex terrain. Its stock is listed on the TSX Venture Exchange (AAE). Additional information is available on the Company"s Website at www.aaer.ca.
For further information
AAER Inc., Dave Gagnon, President, Telephone: (450) 534-5155, www.aaer.ca
The Equicom Group Inc., Eric Bouchard, Telephone: (514) 844-7997, firstname.lastname@example.org
Source: AAER Inc.