/DISTRIBUTION OF THIS NEWS RELEASE IS RESTRICTED SOLELY TO CANADA. IT
CANNOT BE DISTRIBUTED IN THE UNITED STATES THROUGH U.S.-BASED WIRE
MONTREAL, Nov. 8 /CNW/ - AAER Inc. (TSX-V : AAE) Canada's only wind
turbine manufacturer is pleased to announce that it has increased the maximum
size of the previously announced private placement offering by an additional
2,300,000 units for total gross proceeds of up to $12,650,000. Canaccord Adams
will now offer up to 11,000,000 units of AAER. The other terms set forth in
the Company's press release dated November 5, 2007 remain unchanged.
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)
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.
This news release contains certain forward-looking statements. These
statements relate to future events or AAER's future economic performance and
reflect the current assumptions and expectations of management. Certain
unknown factors may affect the events, economic performance and results of
operations described herein. AAER undertakes no obligation, and does not
intend to, update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required under applicable law.
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, email@example.com