Radient Technologies Inc. announced a best efforts non-brokered private placement financing of up to 30 units at a price of CAD 40,000 per unit for gross proceeds of up to CAD 1,200,000 on June 17, 2022. Each unit shall consist of 1,000,000 common shares of the company and 500,000 common share purchase warrants with each warrant entitling the holder to purchase one common share of the company at CAD 0.07 per share for 36 months following the closing of the transaction subject to early expiry if, commencing four months after the closing of the transaction, the common shares of the company trade at a volume weighted average trading price of CAD 0.15 or higher for a period of 20 consecutive days. The transaction is expected to close on June 30, 2022.

Finder's fees may be paid to eligible finders in accordance with the policies of the TSX Venture Exchange. All securities issued in connection with the transaction will be subject to a statutory hold period of four months and one day. Completion of the transaction is subject to certain conditions, including TSXV approval.