Radiant Energy Corporation (TSXV:RDT) announced a private placement of secured debentures for gross proceeds of CAD 150,000 on August 7, 2012. The debentures carry a 12% coupon and will mature two years from the date of issuance. David Williams will invest CAD 50,000 and John Marsh will invest CAD 100,000 in the transaction. As a part of the funding, the company will issue 24,000 bonus shares to the investors in the transaction. The bonus shares have a four month hold period.

On August 7, 2012, Radiant Energy Corporation closed the transaction.