By Devika Patel
Knoxville, Tenn., Feb. 11 - Radiant Energy Corp. announced it completed a C$1.06 million private placement of stock on Wednesday. The deal priced Oct. 30 for C$4 million and was revised to C$1.5 million on Feb. 5.
The company sold 21.24 million common shares at C$0.05 per share.
Brant Securities Ltd. was 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$1,062,000
|
| Shares: | 21.24 million
|
| Price: | C$0.05
|
| Warrants: | No
|
| Agent: | Brant Securities Ltd.
|
| Pricing date: | Oct. 30
|
| Revised: | Feb. 5
|
| Settlement date: | Feb. 11
|
| Stock symbol: | TSX Venture: RDT
|
| Stock price: | C$0.10 at close Oct. 29
|
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