By Laura Lutz
Des Moines, Jan. 18 - Radiant Energy Corp. announced a private placement of shares for up to C$2.5 million.
The company agreed to sell up to 25 million shares at C$0.10 each.
Partial closings of the placement will be permitted before Feb. 18.
One insider of the company has agreed to subscribe for 1 million shares, and other subscribers have agreed to buy 1.6 million shares.
Based in Port Colborne, Ont., Radiant develops and markets a pre-flight aircraft de-icing system.
| Issuer: | Radiant Energy Corp.
|
| Issue: | Shares
|
| Amount: | C$2.5 million
|
| Shares: | 25 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Announcement date: | Jan. 18
|
| Stock symbol: | TSX Venture: RDT
|
| Stock price: | C$0.095 at close Jan. 18
|
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