Dec 31, 2007
Radiant Energy raises $1.4 million in non-brokered private placement
- Radiant Energy Corp. (TSXV:RDT), maker of a patented aircraft deicing system, says it has raised about $1.4 million in a non-brokered private placement.
The Port Colborne, Ont.-based company said it issued 12.5 million common shares at a price of 11 cents per share.
It also said three company insiders subscribed for 10.7 million common shares.
The closing date of the offering was extended to Dec. 28 from Dec. 22.
The common shares will have a four-month hold period expiring between April 8, 2008 and April 27, 2008. Read more
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