Vancouver, British Columbia / TheNewswire / December 22, 2016:  Radiant Health Care Inc. (the "Company" or "Radiant") is pleased to announce that the previously announced share consolidation (see news release of December 8, 2016) of all of its issued and outstanding common shares on the basis of five (5) old shares for one (1) new share (the "Consolidation") became effective on December 20, 2016.

 

Any fractional shares resulting from the Consolidation were (i) rounded up to the next whole share if such fractional share was equal to or greater than one-half of a share; and (ii) rounded down to the next whole share if such fractional share was less than one-half of a share.

 

The Consolidation resulted in the number of issued and outstanding common shares without par value of the Company being reduced from 7,669,287 common shares to 1,533,859 common shares.

 

Registered shareholders will receive a letter of transmittal from Computershare Investor Services Inc. describing the process by which shareholders may obtain new certificates representing their post-consolidation common shares.  Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted through each shareholder's brokerage accounts.  Non-registered shareholders should consult their broker for further information.

 

About Radiant

 

Radiant is a BC-based company focused on the healthcare sector. Currently, the principal business of the Company is the identification, evaluation, and acquisition of interests in healthcare assets and businesses, with a focus on the Canadian medical cannabis sector.

 

On Behalf of the Board of Directors

 

Brett Walker

President & Chief Executive Officer

 

For further information, please contact:

 

Brett Walker

President & Chief Executive Officer

(604) 366-7460

 

Forward-Looking Statements:

 

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable Canadian securities laws.  Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.  Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations and orientations regarding the future. Often, but not always, forward looking statements can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements due to numerous factors.  Such factors include, among others, the change of business focus of the management of the Company, the inability of the Company to pursue its current business objectives due to lack of financing, the ability to retain key personal, government and regulatory developments, including the availability of the requisite licenses, the adequacy of the Company's intellectual property protection, the Company's future patent approvals, potential infringement of the Company's intellectual property, or otherwise.  These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in these forward-looking statements.  Readers should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with Canadian securities regulators.  These reports and the Company's public filings are available at www.sedar.com.