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Insiders buying at Radient Technologies (V:RTI)

Updated Wednesday Aug 01, 2018 01:17 AM EDT

Francesco Ferlaino, a Director, acquired 500,000 Common Shares on a direct ownership basis at a price of $1.200 through a prospectus or prospectus exempt offering on July 31st, 2018. The insider also acquired 250,000 Warrants with an exercise price of $1.500 for 2 years. This represents a $600,000 investment into the company's shares and an account share holdings change of 13.3%.

In addition, Denis Michael Taschuk, a Senior Officer and Director, acquired 41,600 Common Shares and 20,800 Warrants on a direct ownership basis. This represents a $49,920 investment into the company's shares and an account share holdings change of 2.5%.

Radient Technologies is in the Specialty Chemicals Sub Industry Group under the Basic Materials Sector.

Radient Technologies Inc is a Canada-based company engaged in microwave-assisted natural product extraction, purification and isolation. Its principal activity includes the research and development of its technology for the extraction of soluble products from a range of materials using microwave technology. Its products include Valerenic Acid 0.8%, Valerenic Acid 1.6%, Carnosic Acid 20% and Carnosic Acid 40%. It extracts natural compounds from a range of biological materials using its Microwave Assisted Processing (MAP) natural product extraction technology platform. Its MAP technology is based on the selective and localized heating of the moisture present in all natural materials using microwaves as the energy source. The Company is involved in extracting, isolating and purifying food/nutraceutical ingredients (colorings, flavorings and preservatives) and pharmaceutical raw materials. The Company's extraction process uses a range of solvents, including ethanol, hexane and acetone.

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Go to Radient Technologies Inc. (RTI)'s company page

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