Radiant Energy Corporation

Radiant Energy Corporation

November 20, 2007 18:03 ET

Radiant Announces Plans for Private Placement of Common Shares

PORT COLBORNE, ONTARIO--(Marketwire - Nov. 20, 2007) -


Radiant Energy Corporation ("Radiant" or the "Company") (TSX VENTURE:RDT) developer and marketer of InfraTek® the environmentally friendly, patented, infrared pre-flight aircraft deicing system, announced its intention to issue 12,500,000 common shares by way of a non-brokered private placement.

The Company plans to issue 12,500,000 common shares at C$0.11 per common share for total gross proceeds equal to C$1,375,000. The closing date will be no later than December 22, 2007. Three insiders of the Corporation indicated that their intention is to subscribe for approximately 10,700,000 common shares for gross proceeds of $1,177,000.

Radiant trades on the TSX Venture Exchange (symbol RDT). The InfraTek Deicing System is the only FAA-approved for use, non-glycol based alternative to the conventional pre-flight ground deicing process. InfraTek offers savings to airports and airlines by reducing treatment costs and by significantly reducing the negative environmental impact of glycol.

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.

Contact Information