By Laura Lutz
Des Moines, Nov. 2 - Radiant Energy Corp. modified the terms of a C$9.591 million private placement of shares.
The company intends to sell 63.94 million shares at C$0.15 each.
Three insiders of the company have so far subscribed for 7.94 million shares.
The placement originally priced as a sale of 30 million shares at C$0.10 each.
The settlement date was also extended to Nov. 30 from Oct. 20. Multiple closings of the placement will be allowed.
Before completion of the sale, the company has 60,985,217 common shares outstanding.
Based in Port Colborne, Ont., Radiant develops pre-flight aircraft deicing systems.
| Issuer: | Radiant Energy Corp.
|
| Issue: | Stock
|
| Amount: | C$9.591 million
|
| Shares: | 63.94 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Announcement date: | Nov. 2
|
| Settlement date: | Nov. 30
|
| Stock symbol: | TSX Venture: RDT
|
| Stock price: | C$0.08 at close Nov. 1
|
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