RDT Radiant Energy Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES

Radiant Energy Corporation (TSX VENTURE:RDT) ("Radiant") announced that it has
received conditional approval from the TSX Venture Exchange ("TSXV") to proceed
with an offering (the "Offering") of up to $1,325,000 aggregate principal amount
of secured debentures maturing two years from the date of their issue, with an
interest rate of 12% per annum (the "New Debentures"). The New Debentures will
be secured by the assets of Radiant and its U.S. operating subsidiary, Radiant
Aviation Services, Inc. Radiant shall have the option, under certain conditions,
to pay interest owing pursuant to the New Debentures in common shares of
Radiant. Additionally, as a bonus to subscribers for the New Debentures, Radiant
will issue four of its common shares to subscribers for every $1.00 invested in
the New Debentures (the "Bonus Shares"). Radiant currently anticipates closing
occurring on or about August 7, 2009.


As part of the Offering, Radiant has agreed to exchange its outstanding Series F
secured convertible debentures (the "Series F Debentures") for New Debentures in
the aggregate principal amount of $325,000. The holders of the Series F
Debentures will participate in the Offering on the same terms and conditions as
all other investors.


The net proceeds of the Offering will be used to address Radiant's immediate
working capital needs while it continues to further its marketing and sales
initiatives in respect of its Radiant Deicing Systems. The infusion of cash and
elimination of the Series F Debentures are expected to have initial short-term
benefits, but Radiant's business and affairs are not otherwise expected to be
significantly impacted by the Offering.


The Offering is subject to the final approval of the TSXV. The Bonus Shares
issued in conjunction with the Offering 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.

Radiant Energy Corp (TSXV:RDT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Radiant Energy Corp (TSXV:RDT)
Historical Stock Chart
From Jul 2023 to Jul 2024