Radiant Energy Reports on Exercise of Warrants.PORT COLBORNE, Ontario -- Radiant Energy (TSX VENTURE:RDT), a developer and marketer of the InfraTek deicing De-icing is the process of removing ice from a surface. Anti-icing is the process of preventing ice from forming on a surface. Deicing can be accomplished by mechanical methods (scraping), through the application of heat, by use of chemicals designed to lower system, announced that it has received proceeds of $256,850 from the exercise of 2,335,000 warrants. The Series B warrants expired between June 17, 2004 and June 20, 2004. Of the 4,657,500 warrants issued in June 2002, a total of 2,335,000 warrants were exercised, with an exercise price of $0.11 Canadian. As part of the total warrants exercised, insiders of the Company exercised 550,000 warrants between December 2003 and June 2004. Radiant recently announced an agreement with John F. Kennedy International Airport
John F. Kennedy International Airport (IATA: JFK, ICAO: KJFK, FAA LID: JFK for the installation of one of Radiant's InfraTek deicing facilities. The facility is expected to be operational for this 2004/2005 winter season and will be able to deice de·ice tr.v. de·iced, de·ic·ing, de·ic·es To make or keep free of ice; melt ice from: deiced the plane's wings before takeoff. Verb 1. aircraft as large as a Boeing 747-300. The new facility installed by Radiant Energy will use infrared energy to melt and evaporate ice and snow under a project approved by the Port Authority of New York and New Jersey Port Authority of New York and New Jersey, self-sustaining public corporation established in 1921 by the states of New York and New Jersey to administer the activities of the New York–New Jersey port area, which has a waterfront of c. . Securities of Radiant Energy Corporation trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (symbol RDT). With the warrants exercised into common shares, there are now 27,945,201 common shares outstanding. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. |
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