Radiant Energy Corporation

Radiant Energy Corporation

July 31, 2009 15:43 ET

Radiant Announces Debenture Offering

TORONTO, ONTARIO--(Marketwire - July 31, 2009) -


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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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