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BRIEF-Radient Technologies announces third quarter results

Published 2016-03-02, 09:35 a/m
© Reuters.  BRIEF-Radient Technologies announces third quarter results

March 2 (Reuters) - Radient Technologies Inc RTI.V :
* Announces third quarter results
* Non-brokered private placement of up to 10 million units of the corporation
at a price of $0.10 per unit
* Says in order to minimize expenses and cash requirements the company has
idled its plant operations
* Says company will be able to restart plant operations shortly after securing
additional financing
* Looking at strategic options on financing needs,working with its lenders to
manage the payment schedules of outstanding notes
* Expects to secure financing arrangements to fund capital deficit,continuing
operations costs to continue as going concern

* Source text for Eikon ID:nCCN59nkN8

* Further company coverage RTI.V

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