By Laura Lutz
Des Moines, April 17 - Radiant Energy Corp. announced a private placement of shares for C$6 million.
The non-brokered placement will include 30 million common shares at C$0.20 each.
The offering may close in more than one tranche, with final settlement expected by May 31.
Insiders of the company have so far subscribed for 3.5 million shares. No more than 12.5 million shares will be sold to insiders.
Based in Port Colborne, Ont., Radiant produces an infrared pre-flight aircraft de-icing system.
| Issuer: | Radiant Energy Corp.
|
| Issue: | Shares
|
| Amount: | C$6 million
|
| Shares: | 30 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 17
|
| Stock symbol: | TSX Venture: RDT
|
| Stock price: | C$0.215 at close April 16
|
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