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RDT Radiant Energy Corp

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Share Name Share Symbol Market Type
Radiant Energy Corp TSXV:RDT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Radiant Announces Shares for Debt Transaction

19/01/2010 9:38pm

Marketwired Canada


NOT FOR DISTRIBUTION IN THE UNITED STATES

Radiant Energy Corporation, (TSX VENTURE:RDT) ("Radiant") announced that it
intends to satisfy certain amounts owing pursuant to a settlement agreement
reached in respect of an employment-related litigation claim (the "Settlement
Agreement") through the issuance of common shares of Radiant. The Settlement
Agreement provides for the payment of $10,650 (CDN$11,000) in cash and the
issuance of 1,107,756 common shares of Radiant.


This transaction is subject to approval by the TSX Venture Exchange ("TSXV").
The common shares issued in conjunction with the transaction will be subject to
a four-month hold period under applicable securities laws and the policies of
the TSXV.


About Radiant Energy Corporation

Radiant is the developer and marketer of Radiant Deicing Systems. Radiant's
product is the only non- glycol based alternative approved by the US Federal
Aviation Administration for the pre-flight ground deicing of aircraft. Aircraft
deicing with Radiant's technology offers savings to airports and airlines over
the use of conventional glycol-based deicing systems, reducing aircraft
treatment costs and significantly reducing the negative impact of glycol on the
environment.


This press release may contain forward-looking statements, including statements
regarding the business and anticipated financial performance of Radiant Energy
Corporation, which involve risks and uncertainties. These risks and
uncertainties may cause Radiant's actual results to differ materially from those
contemplated by the forward-looking statements. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the
information contained herein.


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