December 21, 2012 10:43 ET
TORONTO, ONTARIO--(Marketwire - Dec. 21, 2012) - Radiant Energy Corporation, (TSX VENTURE:RDT) ("Radiant") announced that it has been unable to secure the funding that is required to maintain normal operations, and as such, the Company is suspending operations at this time.
The suspension of operations will result in the Company being considered in default of its obligations under the terms of its Secured Debentures.
The Company has been informed that the officers and directors of the Company have resigned.
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.
Radiant Energy Corporationwww.radiantenergycorp.com
See all RSS Newsfeeds