$1,171,050 Non-Brokered Private Placement Closed
February 19, 2015 - Vancouver, B.C.
The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that a non-brokered Private Placement for 11,710,500 Units at a price of $0.10 per unit with total proceeds realized of $1,171,050 has been completed. Each Unit consists of one common share of Valdor and one non-transferable three year share purchase warrant. Each warrant allows the holder thereof to purchase one further common share of Valdor at a price of $0.10 if exercised on or before February 12, 2018. A finder's fee of 126,000 Units has been issued relative to this financing, in accordance with the policies of the TSX Venture Exchange. The 11,710,500 common shares issued are subject to a four month hold period expiring June 13, 2015. The proceeds from this private placement will be used for marketing of Niagara's Streaming Media Products and Valdor's line of fiber optic components, paying current liabilities and for general working capital. There are 51 placees, including Insiders, participating in this financing:
Alder Investments (1993) Ltd. - Brian Findlay
Ron Boyce
Robert Sanderson
Ryan Pavey
Anand Gokel
500,000 units
400,000 units
75,000 units
200,000 units
400,000 units
Valdor is a technology company with two divisions:
1) Valdor Fiber Optics, a fiber optic components company specializing in the design, manufacture and sale of fiber optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount™ technology. The company specializes in harsh environment products and in particular splitters and connectors and;
2) Niagara Streaming Media, a streaming video business that owns four patents and markets the Niagara and GoStream product lines. Streaming video is the future of television.
The Valdor business plan incorporates growth by acquisition. For further information on Valdor's product lines please visit www.valdor.com.
About Valdor Technology International Inc. (www.valdortech.com)
Valdor is a high technology fiber optic components company specializing in the design and manufacture of fiber optic connectors, laser pigtails, splitters, and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount™ technology. Valdor specializes in harsh environment products and in particular splitters and connectors. Valdor's business plan incorporates growth by acquisition. For information on Valdor's product lines please visit www.valdor.com.
Twitter: twitter.com/ValdorTechInt
Facebook: www.facebook.com/valdortech
LinkedIn: LinkedIn.com
On Behalf Of the Board of Directors of
VALDOR TECHNOLOGY INTERNATIONAL INC.
Corporate Office: Suite 450 - 789 West Pender Street, Vancouver B.C. Canada V6C 1H2 ph. (604) 687-3775
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.