Radiant Energy Corporation

Radiant Energy Corporation

February 21, 2008 07:30 ET

Radiant Announces Increase to Proposed Private Placement to $4.0 Million

PORT COLBORNE, ONTARIO--(Marketwire - Feb. 21, 2008) -


Radiant Energy Corporation, (TSX VENTURE:RDT) ("Radiant" or the "Company") developer and marketer of InfraTek, the environmentally friendly, patented, infrared pre-flight aircraft deicing system, announced an increase in the gross proceeds to be raised in the brokered private placement with Brant Securities Limited announced on January 29, 2008, from up to $3.5 million to up to $4.0 million (the "Offering").

Pursuant to the Offering, the Company may issue up to 33,333,333 units (the "Units") at a price of $0.12 per Unit for gross proceeds of up to $4.0 million. A maximum of 53,999,998 common shares may be issued as a result the Offering and the subsequent exercise of warrants and broker warrants.

The first portion of the Offering is expected close on February 28, 2008 and the remaining amount is to close within the first two weeks of March 2008. All other terms and conditions remain the same as outlined in the press release issued by the Company on January 29, 2008.

Radiant is the developer and marketer of InfraTek. The InfraTek Deicing System is the only non-glycol based alternative to the conventional pre-flight ground deicing process approved for use by the US Federal Aviation Administration. InfraTek offers savings to airports and airlines by reducing treatment costs and by significantly reducing the negative environmental impact of glycol.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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.

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