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. On July 18, 2012, Radiant Energy Corporation closed the transaction. The company raised additional CAD 30,000 from David Williams in the transaction. The company also issued 4,800 bonus shares.