Radient Technologies Inc. announced that it will receive CAD 9,930,000 in a round of funding on April 4, 2022. The company will issue loans with warrants in the transaction. The transaction includes participation from Moskowitz Capital Mortgage Fund II Inc. The company will issue 10,000,000 non-transferable common share purchase warrants, each warrant entitling to purchase one common share of the company at an exercise price of CAD 0.085 for one year following the date of issuance.

No finder's fees are payable in connection with the amendment. All securities issued in connection with the amendment will be subject to a statutory hold period expiring four months and one day following the issuance date of the warrants. The issuance of the warrants is subject to the approval of the TSX Venture Exchange.