News Releases

Radient Technologies Inc. Announces Shares for Debt Transaction

Sep 12, 16

EDMONTON, ALBERTA September 12, 2016 - Radient Technologies Inc.(“Radient” or the “Corporation”) (TSX Venture: RTI) announces today that its board of directors has approved the settlement of up to CAD$$401,000of debt through the issuance of common shares of the Corporation. Pursuant to these settlements, the Corporation would issue up to 4,010,000shares at a deemed price of $$0.10per share to certain creditors of the Corporation, including certain of its directors and officers.

The debt settlements with its directors and officers will be considered related party transactions subject to TSX-V Policy 5.9 and Multilateral Instrument 61-101.  The Corporationwill be exempt from the need to obtain minority shareholder approval and a formal valuation as required by MI 61-101 as the Corporation is listed on the TSXVenture Exchange and the fair market value of the shares for debt transaction does not exceed 25% of the Corporation’s market capitalization.The full article can be accessed here.

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