25.6.2007: Meldung: AAER Inc.: Grant of Stock Options
Friday June 22, 4:15 pm ET
MONTREAL, June 22 /- AAER Inc. ("AAER"), today announced that, as of June 21, 2007, it has granted an aggregate of 850,000 stock options to members of its Board of Directors and management, pursuant to its stock option plan.
As part of their compensation for their participation to the Board of Directors, each Director will receive 50,000 options annually and an additional 20,000 options for each committee they are appointed to. The Chairman of the Board will also receive 100,000 options annually and 40,000 options for his participation in the various committees he is appointed to. Dave Gagnon, President and Chief Executive Officer, will receive 300,000 options annually.
Each option allows for the purchase of one common share exercisable at a price of $0.28 per share and expires on June 21, 2012.
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, 1 to 1, 5 Megawatt (MW) wind turbines 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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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, email@example.com
Source: AAER Inc.