Radar Acquisitions Corp.

Radar Acquisitions Corp.

September 01, 2009 18:12 ET

Radar Announces the Closing of a Share Swap Transaction

CALGARY, ALBERTA--(Marketwire - Sept. 1, 2009) - Radar Acquisitions Corp. ("Radar") (TSX VENTURE:RAC) announces that 3.4 million shares of Radar were sold pursuant to crosses which occurred on the TSX Venture Exchange on August 31, 2009 and September 1, 2009. Three insiders of Radar sold 2,250,000 shares in the swap. Three other shareholders sold the remaining shares. The proceeds of the swap will be used to purchase units in the previously announced private placement dated August 6, 2009.

Radar also anticipates closing the private placement by September 4, 2009. Insiders of Radar will also participate in a portion of the private placement in addition to their swap shares sold.

About Radar Acquisitions Corp.

Radar is a natural resource development company focused on growth through the acquisition, exploration and development of coal resources and resource-related technologies. Radar has currently two major projects under development: the Buick Coal Project which holds a significant coal deposit in Colorado, USA, and the RPS Fuels joint venture which develops engineered solid fuel products. Other coal and related opportunities continue to be evaluated on an ongoing basis. For more information about Radar, go to www.radar.ab.ca.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Radar Acquisitions Corp.
    Timothy J. Bergen
    (403) 262-3797 or Toll Free: 1-877-262-5888
    Email: tbergen@radar.ab.ca