Vancouver, British Columbia / TheNewswire / April 13, 2017 -  Radiant Health Care Inc. (the "Company" or "Radiant") announces that it has closed a non-brokered private placement (the "Offering") consisting of 3 million common shares without par value in the capital of the Company at an issuance price of $0.10 per share for aggregate gross proceeds of $300,000.  

 

The proceeds from the Offering will be used for general corporate and working capital expenses.

 

The Company also announces that pursuant to a consulting agreement with a director and officer of the Company, it has issued 1.5 million common shares of the Company at a deemed price of $0.10 per share in connection with the execution of a share exchange agreement with Teal Pioneer Inc. that was announced by the Company on March 24, 2017.

 

The Company also announces that pursuant to a debt settlement agreement with the same director and officer of the Company it has issued a total of 1 million common shares of the Company at a deemed price of $0.10 per share.

 

All Shares issued pursuant to the offering, the debt settlement agreement and the consulting agreement were issued under applicable prospectus and registration exemptions in Canada and are subject to a four month and one day hold period expiring on August 8, 2017.

 

About Radiant

 

Radiant is a British Columbia 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 and Chief Executive Officer

For further information, please contact:

 

Brett Walker

President and 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 which 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.  Such forward-looking statements include, among others, statements as to the terms and conditions of the Offering, the debt settlement agreement, the consulting agreement and the anticipated business plans and timing of future plans of the Company.  Actual results could differ from those projected in any forward-looking statements due to numerous factors, including general economic, market or business conditions.  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.  Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that those beliefs, plans, expectations, or intentions will prove to be accurate.  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.