Radient Technologies Inc. Releases Q1 2018 Results
(firmenpresse) - EDMONTON, ALBERTA -- (Marketwired) -- 08/28/17 -- Radient Technologies Inc. (TSX VENTURE: RTI) (the "Company") announced today that it has released its first quarter financial results for the fiscal year 2018 ended June 30, 2017. The unaudited financial statements, Management''s Discussion and Analysis, and the CEO & CFO certifications for the first quarter June 30, 2017 are available on .
Key Highlights for Q1 2018 :
Subsequent Events
Denis Taschuk, President and CEO of Radient, stated - "We are delighted with the results of the JV activity with Aurora and are looking forward to finalizing our definitive agreement in the near future. We are also very pleased with the progress we have made in strengthening the Company''s balance sheet, putting the Company on a stronger footing to achieve its growth plans."
Shares for Services
The Company intends to issue shares to an arm''s length third party in exchange for the business development services. Pursuant to the terms of the agreement, the Company may issue up to a maximum of $250,000 of common shares in any fiscal year in consideration for such services.
The number of shares to be issued for each quarter will be determined at the end of each quarter, after the services have been provided to the Company. The issue price of the shares will be the closing trading price of the Company''s shares on the last trading day of such quarter. The Company will issue a press release after each issuance of shares under the terms of the Agreement.
The agreement shall automatically renew for successive two year terms, subject to the rights of termination of the parties.
The shares for services agreement is subject to approval by the TSX Venture Exchange and will be subject to TSX Venture Exchange approval for each renewal term.
Option Grant
The Company also announces the grant of 700,000 incentive stock options to certain of its consultants and employees pursuant to the Company''s Stock Option Plan. The options are exercisable for a period of five years at a price of $.50 per share.
About Radient
Radient extracts natural compounds from a range of biological materials using microwave assisted processing ("MAP™"), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health, personal care and cannabis markets. Visit for more information.
Contacts:
Radient Technologies Inc.
Denis Taschuk
Chief Executive Officer
(780) 465-1318
Radient Technologies Inc.
Prakash Hariharan
Chief Financial Officer
(780) 465-1318
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Datum: 28.08.2017 - 18:30 Uhr
Sprache: Deutsch
News-ID 1518995
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Software
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