06.11.07

6.11.2007: Meldung: AAER Inc.: Private Placement for a Maximum of $10,005,000

AAER Announces a Private Placement for a Maximum of $10,005,000
Monday November 5, 7:00 am ET

MONTREAL, Nov. 5 / AAER Inc. Canada"s only wind turbine manufacturer today announced that it has entered into an agreement with Canaccord Adams to complete a private placement offering of units, on a best efforts basis, for total gross proceeds of up to $10,005,000. Canaccord Adams will offer up to 8,700,000 units, each composed of one common share and one half of one common share purchase warrants (the "Unit"), at a price of $1.15 per Unit (the "Offering"). Each whole warrant will entitle the holder to acquire an additional common share, issued from treasury, at a price of $1.60 for a period of 24 months following the closing date. The Units sold under the Offering will be subject to a four-month hold period. Closing is expected to occur on November 13, 2007 and is subject to TSX Venture Exchange and required regulatory approvals.

"This private placement will enable us to order critical components and secure our supply chain," said Dave Gagnon, President and CEO of AAER. "We will then be in a good position to start manufacturing our blades and assembling all components so we can deliver our first wind turbines as planned, in 2008."

Gross proceeds raised from the Offering will be used to meet capital expenditures requirements at the Bromont manufacturing plant, to order certain major components, to effect license payments and for working capital purposes.

AAER will pay Canaccord Adams a cash commission of 6.0% of the gross proceeds from the Offering, upon closing. On the closing date of the Offering, Canaccord Adams will be granted compensation options equal in number to 6.0% of the aggregate number of Units sold, exercisable for common shares of AAER at an exercise price of $1.15 for a period of 18 months following the closing date.

This news release does not constitute an offer for sale or a solicitation of any offer to purchase AAER securities in the U.S. These securities are not - and will not be - registered under the amended version of the U.S. Securities Act of 1933 (the "U.S. securities act"), or any securities legislation enacted by a U.S. State, and cannot be placed or sold in the United States or to any individuals of that country who are not registered under the U.S. securities act or any applicable State-enacted securities laws, or are unable to obtain a waiver of registration.

About AAER Inc., (TSX-V: AAE - News)

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AAER is a wind turbine manufacturer located in Bromont, Quebec that manufactures and maintains high capacity 1 Megawatt or more wind turbines principally for the North American market. Its strategy is to progressively build its product"s components to provide a high level of reliability and a competitive pricing to its customers. AAER uses proven European technologies to ensure the performance of its turbines in various wind conditions and complex terrains. 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, ebouchard@equicomgroup.com


Source: AAER Inc.
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