Radar Acquisitions Corp.

Radar Acquisitions Corp.

December 10, 2007 09:00 ET

Radar to Commence Trading December 11, 2007

CALGARY, ALBERTA--(Marketwire - Dec. 10, 2007) - Timothy Bergen, President and CEO of Radar Acquisitions Corp. ("Radar") (TSX VENTURE:RAC), is pleased to announce that Radar's shares will resume trading on the TSX Venture Exchange at the open of markets on Tuesday, December 11, 2007. Radar's updated NI 43-101 technical report on its Limon Lignite Project located in Elbert County, Colorado (the "Buick Property") was filed with the British Columbia Securities Commission ("BCSC") and the Alberta Securities Commission ("ASC") on November 2, 2007. On November 5, 2007, the BCSC issued a revocation order in respect of the cease trade order issued by the BCSC, and on December 6, 2007, the ASC issued a revocation order.

Radar's joint venture with New Energy USA, LLC, has continued to move forward as planned and was unaffected by the cease trade orders.

Radar has released its interest in the Carbondale Property, which was announced on September 5, 2006, and the Strong Creek Property, which was announced on May 25, 2005. Both of these properties are non-material to the corporation.

About Radar Acquisitions Corp.

Radar is a diversified natural resource development company focused on growth through the acquisition, exploration and development of resources and resource related technologies. Radar is focused on a joint venture agreement it has with New Energy USA, LLC, to develop engineered solid fuel products (Re-Fuel™) using a combination of coal slurry pond waste and biomass.

Re-Fuel™ will benefit the environment through the reclamation of coal slurry and other bio-refuse in the production phase and cleaner stack and ash emissions in the power generation phase. Production of Re-Fuel can qualify the producing joint venture company for a variety of tax credits while providing coal waste owners/suppliers with a significant benefit by decreasing site reclamation costs. Users of Re-Fuel™ will benefit from a competitively priced, cleaner, more efficient product that may also make them eligible for substantial carbon credits.

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Radar's expectations are disclosed in Radar's documents filed from time to time with the TSX Venture Exchange, the Alberta Securities Commission, and the British Columbia Securities Commission.

The TSX Venture Exchange has not reviewed and does not accept 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
    Ascenta Capital Partners Inc.
    Bryson Goodwin
    Investor Relations
    (604) 684-4743 ext 239 or Toll Free: 1-866-684-4209
    Email: bryson@ascentacapital.com