in News Departments > FYI
print the content item

Bromont, Quebec-based AAER Inc., a equipment manufacturer of wind turbines, has completed a public offering of 15 million common shares at a price of C$0.50 per share, for gross proceeds of C$7.5 million.

This offering was conducted through a syndicate of underwriters led by Canaccord Adams and National Bank Financial Inc., which were granted an over-allotment option to acquire an additional maximum 2.2 million common shares at a price of C$0.50 per share within the next 30-day period.

The net proceeds of the offering will enable the company to implement its production plan for this year and will be used to purchase manufacturing equipment for the production of wind turbine blades, proceed with deposits towards the purchase of certain nacelle components, purchase various production tools, and for general corporate and working capital purposes.

SOURCE: AAER Inc.


Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Hybrid Energy Innovations 2015
BG 2015DblBox_id2032
Renewable NRG_id1934