By Laura Lutz
Washington, Feb. 20 - AAER Inc. closed a C$1.15 million private placement of units.
The company sold 3,284,856 units of one share and one warrant at C$0.35 per unit. Each warrant is exercisable at C$0.60 for two years.
The placement settled in two tranches. The first, for C$50,000 closed on Feb. 5, and the second, for C$1.1 million, closed on Feb. 16.
AAER is a wind turbine manufacturer based in Montreal.
Issuer: | AAER Inc.
|
Issue: | Units of one share and one warrant
|
Amount: | C$1.15 million
|
Units: | 3,284,856
|
Price: | C$0.35
|
Warrants: | One per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.60
|
Settlement date: | Feb. 5 (for C$50,000); Feb. 16 (for C$1.1 million)
|
Stock symbol: | TSX Venture: AAE
|
Stock price: | C$0.40 at close Feb. 5
|
Stock price: | C$0.40 at close Feb. 16
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.