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Share Name | Share Symbol | Market | Type |
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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 | |
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0.00 | 0.00% | 0 | - |
Radiant Energy Corporation, (TSX VENTURE:RDT)("Radiant" or the "Company") announced that it has agreed with Gregory O'Hara, a director of Radiant who beneficially owns or controls more than 10% of the issued and outstanding common shares of the Company, to settle a Cdn$300,000 loan from a company he controls by issuing 6,000,000 common shares of the Company, based on a price of Cdn$0.05 per share. The completion of this settlement is conditional on acceptance by the TSX Venture Exchange. It is anticipated that the transaction will close on or about February 11, 2009. About Radiant Energy Corporation Radiant is the developer and marketer of Radiant Deicing Systems. The Company'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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