By Sheri Kasprzak
Atlanta, June 6 - Radiant Energy Corp. said it plans to raise up to C$5 million in a non-brokered private placement.
The offering includes up to 33,333,333 shares at C$0.15 each.
The non-brokered offering replaces the company's previously announced brokered deal for up to C$5 million. Placement agents Brant Securities Ltd. and McFarlane Gordon Inc. resigned, canceling the original deal.
The new offering may be completed in multiple closings and is expected to close on June 30.
Based in Port Colborne, Ont., Radiant develops an infrared aircraft deicing system.
| Issuer: | Radiant Energy Corp.
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| Issue: | Stock
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| Amount: | C$5 million (maximum)
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| Shares: | 33,333,333 (maximum)
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| Price: | C$0.15
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| Warrants: | No
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| Pricing date: | June 6
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| Settlement date: | June 30
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| Stock price: | C$0.185 at close June 6
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