Radiant Energy Corporation

Radiant Energy Corporation

April 17, 2007 09:56 ET

Radiant Announces Proposed Private Placement of Common Shares

PORT COLBORNE, ONTARIO--(CCNMatthews - April 17, 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 changes to a proposed private placement of 30,000,000 common shares.

The Company announced filing for conditional acceptance from the TSX Venture Exchange to raise CDN$6,000,000 by way of a non-brokered private placement of up to 30,000,000 common shares at CDN$0.20 per share. Partial closings are permitted prior to May 31, 2007. The shares issued by way of the proposed financing will be subject to a 4-month hold period. Insiders of the Company will be limited to subscribe for 12,500,000 common shares. To date, insiders have agreed to subscribe for 3,500,000 common shares.

Conversion of the Series D Debenture

An insider of the Company converted the Series D Secured Convertible Participating Debenture with a face value of USD$1,000,000 into 4,000,000 common shares, effectively CDN $0.29 per share. The Series D Debenture shared a second security on the Oslo project with other short term loans totaling CDN$2,000,000. The Series D Debenture was entitled to 18% of the cash flow of the Oslo project.

Radiant has 100,125,217 common shares outstanding after the conversion of the Series D Debenture and 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. Radiant's InfraTek Deicing Systems are located at JFK International Airport, New York, the Newark Liberty International Airport, New Jersey, the Rhinelander-Oneida County Airport, Rhinelander, Wisconsin, and at the Oslo Airport in Gardermoen, Norway.

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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