Radiant Energy Corporation
TSX VENTURE : RDT

Radiant Energy Corporation

March 05, 2009 07:53 ET

Radiant Delays Filing of Annual Financial Statements

TORONTO, ONTARIO--(Marketwire - March 5, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

Radiant Energy Corporation (TSX VENTURE:RDT) announced today that it has delayed the filing of its annual financial statements, CEO and CFO certifications and related management discussion and analysis (MD&A) for the year ended October 31, 2008, beyond the filing deadline of March 2, 2009. It is now anticipated that the annual results will be filed no later than March 9, 2009.

In the interim, the company has voluntarily requested that the Ontario Securities Commission and other Canadian securities regulatory authorities issue a temporary management cease trade order related to the company's securities against certain officers of the company for so long as the annual financial statements, certifications and related MD&A are not filed. The issuance of such management cease trade order would generally not affect the ability of persons who have not been officers of the company to trade in their securities. However, the Ontario Securities Commission, in its discretion, may determine that it would be appropriate to issue a general issuer cease trade order affecting all of the company's securities.

Until such documents are filed, the company intends to provide information in accordance with National Policy 12-203: Cease Trade Orders for Continuous Disclosure Defaults, including the issuance of bi-weekly default status reports.

About Radiant Energy Corporation

Radiant is the developer and marketer of Radiant Deicing Systems. The Company'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 by reducing treatment costs and by significantly reducing the negative impact of glycol on the environment.

Contact Information

  • Radiant Energy Corporation
    Larrie Shepherd
    President and Chief Executive Officer
    (416) 922-8778