Business
Valdor Announces Debt Settlement
(TheNewswire) Vancouver, B.C. – TheNewswire - May 9, 2025 ...
About this update from Valdor Technology International Inc
[{"type":"text","content":"Valdor Announces Debt Settlement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver,\n \n\n B.C. –\n \n\n TheNewswire -\n \n\n May 9,\n \n\n 2025\n \n – Valdor Technology\nInternational Inc. (“\n \n Valdor\n \n ” or the “\n \n Company\n \n ”) (CSE: VTI), a provider of advanced fiber optic\ncomponents, announces it has entered into a debt settlement agreement\n(the “\n \n Settlement\nAgreement\n \n ”) to settle outstanding debt owed to an arm’s\nlength creditor (the “\n \n Creditor\n \n ”) totaling $105,000 (the “\n \n Debt Settlement\n \n ”). Pursuant to the\nSettlement Agreement, the Company has agreed to issue an aggregate of\n2,100,000 common shares in the capital of the Company (each a “\n \n Common Share\n \n ”) at a deemed price\nof $0.05 per Common Share. The Common Shares issued pursuant to the\nSettlement Agreement will be subject to a four month and one day hold\nperiod, pursuant to National Instrument 45-106 –\n \n Prospectus Exemptions\n \n .\n \n\n The board of directors of the Company determined that it is in the\nbest interests of the Company to complete the Debt Settlement in order\nto preserve the Company's cash for working capital.\n \n\n\n About Valdor\n \n\n\n Valdor Technology International Inc. has an operating subsidiary\ncompany, Valdor Fiber Optics, Inc., headquartered near San Francisco,\nCalifornia which assembles optical fiber components and specializes in\nthe design, manufacture and sale of passive fiber optic equipment.\n \n\n\n ON BEHALF OF THE BOARD OF DIRECTORS\nOF\n \n\n\n\n VALDOR TECHNOLOGY INTERNATIONAL\nINC.\n \n\n\n Dorian Banks\n \n\n CEO & Director\n \n\n 604-687-3775\n \n\n\n Forward-Looking\nStatements\n \n\n\n\n The information in this news release\nincludes certain information and statements about management’s view\nof future events, expectations, plans, and prospects that constitute\nforward-looking statements. These statements are based upon\nassumptions that are subject to risks and uncertainties.\nForward-looking statements in this news release include, without\nlimitation, statements respecting the Debt Settlement. Although the\nCompany believes that the expectations reflected in forward-looking\nstatements are reasonable, it can give...