ABB_id2059
in News Departments > FYI
print the content item

AAER, a wind turbine manufacturer located in Bromont, Quebec, has 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 over C$10 million.

Vancouver-based Canaccord Adams will offer up to 8.7 million units, each composed of one common share and one half of one common share purchase warrants, at a price of C$1.15 per unit.

Each whole warrant will entitle the holder to acquire an additional common share, issued from treasury, at a price of C$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 Nov. 13, and is subject to TSX Venture Exchange and required regulatory approvals.

AAER says that 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.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015