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SOURCE RDX Technologies Corporation
SCOTTSDALE, AZ AND CALGARY, AB, July 7, 2014 /PRNewswire/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today announces the sale of excess real estate owned by its subsidiary Ridgeline Energy (USA), Inc. that was located in Santa Fe Springs, California.
Gross proceeds of the sale were $ 12.4MM with net proceeds before escrow expenses and taxes of $ 8.412MM. The sale included remediation fees due the Company, but does not include additional revenues expected from remediation yet to be completed on the site.
Further details will be outlined in a conference call that is currently being scheduled for July 17th. Conference call details will be announced on Wednesday, July 9th.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
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