Early Warning Report – Chairman (NI62.102/104)
July 17, 2014 – Vancouver, B.C.Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) reports that Mr. Elston Johnston, Chairman and Director of Valdor has a post-conversion beneficial ownership of 10.76% of Valdor’s issued and outstanding common shares. There are currently 100,105,720 common shares issued and outstanding. As a result of the methods of calculating post-conversion beneficial ownership, Mr. Johnston is deemed to have control and direction over an aggregate (both directly and indirectly) 11,177,775 common shares, which includes 3,805,000 share purchase warrants that are available to him for exercise. Based on Valdor’s issued and outstanding and the potential exercise of available warrants held, Mr. Johnston would have control and direction over 10.76% of Valdor’s issued and outstanding common shares on an undiluted basis. The common shares held by Mr. Johnston were acquired for investment purposes. Mr. Johnston currently has no intent to exercise any of the available share purchase warrants.
Valdor has received a second set of comments from the US Securities and Exchange Commission (SEC) relative to listing on the OTCQB securities market (please see news release dated 14/3/26). Valdor plans to respond to these comments during the week of 14/7/21.