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Enter Symbol
or Name
USA
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Valdor Technology International Inc
Symbol VTI
Shares Issued 103,445,720
Close 2015-02-18 C$ 0.10
Market Cap C$ 10,344,572
Recent Sedar Documents

ORIGINAL: $1,171,050 Non-Brokered Private Placement Closed

2015-02-19 18:25 ET - News Release

(via Thenewswire.ca)

Vancouver, BC / TheNewswire / February 19, 2015 / The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX-V: VTI ) (OTC: VTIFF ) 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:


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 |Elston Johnston                              |550,000 Units|
 |-----------------------------------------------------------|
 |Alder Investments (1993) Ltd. - Brian Findlay|500,000 Units|
 |-----------------------------------------------------------|
 |Ron Boyce                                    |400,000 Units|
 |-----------------------------------------------------------|
 |Robert Sanderson                             |75,000 Units |
 |-----------------------------------------------------------|
 |Ryan Pavey                                   |200,000 Units|
 |-----------------------------------------------------------|
 |Anand Gokel                                  |400,000 Units|
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About Valdor Technology International Inc . ( www.valdortech.com )

Valdor is a fiber optic and streaming video technology company:

1) Niagara Streaming Media is an industry pioneer and global leader in the encoder hardware and software market. Thousands of Niagara systems have been deployed worldwide through its network of several hundred distributors and value added resellers. Niagara owns four patents and designs, manufactures and sells the Niagara and GoStream product lines ;

2) Valdor Fiber Optics is a fiber optic components company specializing in the design, manufacture and sale of passive fiber optic components, including some that use Valdor proprietary and patented technologies. The company specializes in harsh environment products. In particular Valdor is focused on the roll-out of fibre-to-the-home in North America with a unique and compelling splitter design; the deregulation of the telecom sector in Mexico; and the roll-out of fibre-to-the-home in Latin America .

Fiber-to-the-home is the future of telephone, television and internet communications and 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 .

ON BEHALF OF THE BOARD OF DIRECTORS

OF VALDOR TECHNOLOGY INTERNATIONAL INC.

The TSX Venture Exchange has not reviewed and does not accept responsibility

for the adequacy or accuracy of this news release.

Copyright (c) 2015 TheNewswire - All rights reserved.

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