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BRIEF-Radient Technologies Inc Reaffirms Revenue Guidance Of At Least $10 Million For Q3 2020

Published 2020-01-14, 08:03 a/m
Updated 2020-01-14, 11:17 a/m
BRIEF-Radient Technologies Inc Reaffirms Revenue Guidance Of At Least $10 Million For Q3 2020

BRIEF-Radient Technologies Inc Reaffirms Revenue Guidance Of At Least $10 Million For Q3 2020

Jan 14 (Reuters) - Radient Technologies Inc RTI.V :

* RADIENT TECHNOLOGIES INC. SIGNS BINDING LETTER OF INTENT TO ENTER INTO SALE-LEASEBACK FINANCING AGREEMENT AND REAFFIRMS REVENUE GUIDANCE OF AT LEAST $10 MILLION FOR FISCAL Q3 2020

* RADIENT TECHNOLOGIES - ENTERED INTO LOI FOR A SALE-LEASEBACK TRANSACTION IN WHICH 2238501 ALBERTA LTD. WOULD PURCHASE FROM RADIENT LAND AND BUILDINGS

* RADIENT TECHNOLOGIES - PURCHASE PRICE SHALL BE CAD $20 MILLION

* RADIENT TECHNOLOGIES - EXPECTS TO MEET OR EXCEED ITS PREVIOUSLY DISCLOSED REVENUE TARGET OF AT LEAST CAD $10 MILLION FOR Q3 2020

* RADIENT TECHNOLOGIES INC - 2238501 ALBERTA LTD. WILL LEASE LAND BACK TO 1631807 ALBERTA LTD. FOR A TERM OF 20 YEARS

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