By Devika Patel
Knoxville, Tenn., Nov. 20 - Radiant Energy Corp. said it plans to conduct a C$1.38 million non-brokered private placement of shares.
The company will sell 12.5 million common shares at C$0.11 each.
The deal is expected to settle on Dec. 22.
Based in Port Colborne, Ont., Radiant produces an infrared pre-flight aircraft de-icing system.
| Issuer: | Radiant Energy Corp.
|
| Issue: | Common shares
|
| Amount: | C$1,375,000
|
| Shares: | 12.5 million
|
| Price: | C$0.11
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Nov. 20
|
| Settlement date: | Dec. 22
|
| Stock symbol: | TSX Venture: RDT
|
| Stock price: | C$0.15 at close Nov. 20
|
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