2014 – July 15 – press release

$1,420,000 Non-Brokered Private Placement Closed

July 15, 2014 – Vancouver, B.C.
Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) is pleased to report that a non-brokered Private Placement for 14,200,000 Units at a price of $0.10 per unit with total proceeds realized of $1,420,000 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 $0.20 if exercised on or before June 23, 2017. A finder’s fee of 225,000 Units has been issued relative to this financing, in accordance with the policies of the TSX Venture Exchange. The 14,425,000 common shares issued are subject to a four month hold period expiring October 23, 2014. The warrants issued with the units will be subject to an acceleration provision. After four months have elapsed from closing, if Valdor’s shares trade above $0.60 for 20 consecutive trading days Valdor has the option to provide notice to the warrant holders that their warrants will expire if they are not exercised within 30 days. 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 33 placees, including Insiders:
  • Ironstone Investments Inc. (Elston Johnston) 1,000,000
  • Elston Johnston 750,000
  • Alder Investments (1993) Ltd. (Brian Findlay) 750,000
  • Ron Boyce 400,000