RDT Radiant Energy Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES

Radiant Energy Corporation, (TSX VENTURE:RDT) ("Radiant") announced that it has
received approval from the TSX Venture Exchange ("TSXV") to complete an issuance
(the "Issuance") of a secured debenture in the principal amount of CDN$50,000
maturing two years from the date of its issue and carrying an interest rate of
12% per annum (the "Debenture"). The Debenture will be secured by a first charge
on the assets of Radiant and its U.S. operating subsidiary, Radiant Aviation
Services, Inc. Additionally, as a bonus to the participating lender acquiring
the Debenture, Radiant will issue 0.16 of its common shares to the lender for
every CDN$1.00 invested in the Debenture (the "Bonus Shares"), for a total
issuance of 8,000 Bonus Shares.


John Marsh invested CDN$50,000 in the Debenture (the "Insider Loan"). The
Insider Loan and the related issuance of Bonus Shares constitute a "related
party transaction" within the meaning of Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions ("MI 61-101").
Radiant is relying on an exemption to the minority shareholder approval
requirement of MI 61-101 as the Insider Loan is being entered into in response
to the financial difficulties of Radiant. The Issuance, including the Insider
Loan and the issuance of Bonus Shares, was approved by Radiant's independent
directors. Radiant's independent directors have also reviewed the terms of the
Issuance with management and have determined that such terms are reasonable in
the circumstances, the Issuance will improve the financial condition of Radiant
and the Issuance is in the best interests of Radiant. The issuance of Bonus
Shares to the lender has not materially affected the percentage of securities of
Radiant beneficially owned and controlled by the lender.


The net proceeds of the Issuance 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 is
expected to have initial short-term benefits, but Radiant's business and affairs
are not otherwise expected to be significantly impacted by the Issuance.


The Bonus Shares issued in conjunction with the Issuance 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 Oct 2024 to Nov 2024

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