SCOTTSDALE, AZ AND CALGARY, AB, July 7, 2014 /CNW/ - 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
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SOURCE: RDX Technologies Corporation
For further information: David Waldman at Crescendo Communications, Investor Relations, (212) 671-1021, [email protected]