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EDMONTON, ALBERTA December 22, 2016 - Radient Technologies Inc. (“Radient” or the “Corporation”) (TSX Venture: RTI) announces the completion of the second and final tranche of a non-brokered private placement of up to 47,619,048 units (the “Units”) of the Corporation at a price of $0.105 per Unit for aggregate proceeds of up to $5,000,000 (the “Offering”) previously announced by the Corporation on November 7, 2016. Under the final tranche of the Offering, the Corporation issued and sold a further 41,516,431 Units for aggregate gross proceeds of $4,359,225. The Corporation plans to use the proceeds of the Offering for product development, capital expenditures and general working capital purposes.
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