Radiant Energy Corporation announced that it expects to receive CAD 0.07 million in funding.
July 03, 2012 at 12:00 am EDT
Radiant Energy Corporation (TSXV:RDT) announced a private placement of secured debentures for gross proceeds of CAD 70,000 on July 3, 2012. The debentures carry a 12% coupon and will mature two years from the date of issuance. David Williams will invest CAD 20,000 and John Marsh will invest CAD 50,000 in the transaction. As a part of the funding, the company will issue 11,200 bonus shares to the investors in the transaction. The bonus shares have a four month hold period.
On the same day, the company raised gross proceeds of CAD 70,000.