By Jennifer Chiou
New York, Dec. 5 - Radiant Energy Corp. announced that it is continuing with efforts to completely its previously announced C$4 million private placement of stock.
When the deal was priced on Oct. 11, the company had anticipated settlement in November. Now, the close is slated for mid-January.
The company previously said it will sell common shares at C$0.11 per share.
Brant Securities Ltd. is the agent.
Proceeds will be used for general working capital.
Based in Port Colborne, Ont., Radiant produces an infrared pre-flight aircraft de-icing system.
| Issuer: | Radiant Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4 million
|
| Price: | C$0.11
|
| Warrants: | No
|
| Agents: | Brant Securities Ltd.
|
| Pricing date: | Oct. 30
|
| Stock symbol: | TSX Venture: RDT
|
| Stock price: | C$0.10 at close Oct. 29
|
| C0.06 at close Dec. 4
|
| Market capitalization: | C$11.3 million
|
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