AAER Inc. announces its intention to complete a second tranche of its private placement announced on July 23, 2007


    MONTREAL, Sept. 18 /CNW/ - AAER Inc. ("AAER" or the "Company") (TSX-V:
AAE) is pleased to announce its intention to complete a second tranche of its
private placement announced on July 23, 2007 of which a first tranche was
completed on August 15, 2007. This placement is subject to required regulatory
approvals. This second tranche consists in the issuance of 1,571,000 units at
a price per unit of $0.35. Each Unit will be comprised of one common share in
AAER and of one common share purchase warrant. Each common share purchase
warrant will entitle its holder to subscribe for one additional common share,
at a price of $0.60, anytime before 5:00 p.m. (Montreal time) for a period of
60 months from the closing date of the private placement. Closing is expected
to occur on or around September 20, 2007.
    The proceeds of the offering will be used for general corporate purposes,
acquisition of moveable assets and working capital.
    Canaccord will also act as agent for this tranche of the private
placement and will receive a fee equal to 10% of the gross proceeds of the
offering. AAER will also issue a number of options that can be exercised to
acquire common shares during a 24-month period following the closing date, at
a price of $0.35 per common share, equal to 10% of the number of Units issued
under the offering.
    The securities to be issued as part of this offering will be subject to a
4-month hold period.
    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.

    Forward-Looking Statements

    This news release contains certain forward-looking statements. These
statements relate to future events or AAER's future economic performance, and
carry risks, uncertainties and other factors - both known and unknown - that
may appreciably affect the Company's accomplishments, economic performance or
results when considered in light of the content or implications of statements
made by AAER. Actual events or results could be significantly different. AAER
undertakes no obligation, and does not intend, to update these forward-looking

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00019641EF

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, ebouchard@equicomgroup.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890