ARISE Technologies Corporation announces $22 million common share offering


    WATERLOO, ON, April 13 /CNW/ - ARISE Technologies Corporation ("ARISE" or
the "Company") (TSX-V: APV) (ADAX: A3T) is pleased to announce that in
connection with the proposed public offering of common shares previously
announced on March 27, 2007, it has entered into an agreement with a syndicate
of underwriters led by Cannacord Capital Corporation and including CIBC World
Markets Inc., Cormark Securities Inc., D&D Securities Company and Loewen,
Ondaatje, McCutcheon Limited (collectively, the "Underwriters") for the
purchase by the Underwriters of 22,000,000 common shares at a price of $1.00
per common share for aggregate gross proceeds of $22,000,000 (the "Offering").
ARISE has filed and obtained a receipt for the final prospectus as of
April 13, 2007. Closing is currently expected to occur on or about April 24,
    The Company has granted the Underwriters an over-allotment option (the
"Over-Allotment Option"), exercisable for a period of 30 days following the
closing of the Offering, to purchase up to an additional 15% of the number of
common shares issued pursuant to the Offering. If the Over-Allotment Option is
exercised in full, then ARISE will receive aggregate gross proceeds of
    The Company intends to use the net proceeds of the Offering primarily for
(i) construction and equipment in connection with its proposed German
photovoltaic cell manufacturing plant, (ii) the Company's silicon operation
including its required contributions to the Sustainable Development
Technologies Canada supported solar grade silicon project and (iii) general
corporate purposes, including working capital.
    Closing of the Offering is subject to certain conditions, including but
not limited to, receipt of all necessary securities regulatory approvals,
including the approval of the TSX Venture Exchange.
    This press release does not constitute an offer of the securities
described herein in any jurisdiction. The securities described herein have not
been and will not be registered under the United States Securities Act of
1933, as amended, or the securities laws of any state and may not be offered
or sold in the United States absent an exemption from registration.

    About ARISE
    ARISE Technologies is dedicated to accelerating the use of solar energy
in mainstream North American markets. The Company's shares are listed on the
TSX Venture Exchange under the symbol APV. Additional information is available
at and Certain statements contained in this
press release may be considered as forward-looking. Such forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially from estimated or implied results. The TSX
Venture Exchange has neither approved nor disapproved the contents of this
news release.

    %SEDAR: 00017494E

For further information:

For further information: ARISE Technologies Corporation, 65 Northland
Road, Waterloo, Ontario, Canada, N2V 1Y8, T: (519) 725-2244, F: (519)
725-8907,; David Ward, Director, Communications & Investor
Relations, T: (519) 772-5709, C: (416) 953-7638,

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