/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR
DISSEMINATION IN THE UNITED
STATES/
EDMONTON, Dec. 31,
2015 /CNW/ - Radient Technologies Inc.
("Radient" or the "Corporation") (TSX Venture: RTI)
announces that, further to its press release dated November 13, 2015 regarding a non-brokered
private placement of up to 7,500,000 units of the Corporation for
aggregate proceeds of up to $750,000
(the "Offering"), the TSX Venture Exchange has granted Radient an
extension on the deadline to complete the Offering from
December 28, 2015 to January 28, 2016.
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 biofuel markets. Visit
www.radientinc.com for more information.
Information set forth in this news release
contains forward-looking information and statements that are based
on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs,
intentions and expectations. They are not guarantees of future
performance. The terms and phrases "goal", "commitment",
"guidance", "expects", "would", "will", "continuing", "drive",
"believes", "indicate", "look forward", "grow", "outlook",
"forecasts", "intend", and similar terms and phrases are intended
to identify these forward-looking statements, including but not
limited to statements regarding the completion of the Offering. The
Corporation cautions that all forward looking information and
statements are inherently uncertain and that actual performance may
be affected by a number of material factors, many of which are
beyond the Corporation's control. Such factors include, among other
things: risks and uncertainties relating to the Corporation's
ability to complete the proposed Offering or the receipt of the
necessary approvals to complete the Offering, including receipt of
the approval of the TSX Venture Exchange, and the future use of the
proceeds by the Corporation. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward looking information. Except as required under applicable
securities legislation, the Corporation undertakes no obligation to
publicly update or revise forward-looking information.
This news release shall not constitute an offer
to sell or the solicitation of any offer to buy, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The shares offered
will not be and have not been registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and
may not be offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements of the U.S. Securities Act and
applicable state securities laws.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Radient Technologies Inc.