MONTREAL, June 22 /CNW/ - AAER Inc. (TSX-V: AAE) ("the Company" or
"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
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)
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
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
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