(via Thenewswire.ca)
Hayward, California - September 12, 2012: The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) is pleased to report that a non-brokered private placement has been arranged for 10,000,000 Units at a price of $0.10 per Unit. Each Unit is comprised of one common share of Valdor and one non-transferable share purchase warrant. Each warrant will allow the holder thereof to purchase one additional common share of Valdor at a price of $0.20 per share for a period of three years from the date of closing of the private placement. 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 $0.40 for 20 consecutive trading days Valdor has the option to provide notice to the warrant holders that one half of their warrants will expire if they are not exercised within 30 days. If Valdor's shares trade above $0.50 for 20 consecutive trading days Valdor has the option to provide notice to the warrant holders that their remaining warrants will expire if they are not exercised within 30 days. A finder's fee will be paid relative to this private placement pursuant to the policies of the TSX Venture Exchange. The proceeds from the private placement will be used for marketing of Valdor's fiber optic products and for general working capital.
About the Fiber Optics Industry: Fiber optics is the future of communications. The signal transmission business is in the early stages of a fiber optics bull market. All signal transmission, in their many and various forms, are being converted from electrical to fiber optics. A comprehensive global report on the fiber optic components market projects that it will reach US$42 billion by the year 2017.
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, and other optical and optoelectronic components some that use the Valdor proprietary and patented Impact Mount(TM) and HeptoPort technologies. Valdor's Impact Mount(TM) technology is all-mechanical with no epoxy or matching gel. Valdor's patented IMT field installable termination kits and connectors are ideal for harsh environment applications and quick repair in the field.
For information on Valdor's products 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.
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Copyright (c) 2012 Thenewswire.ca - All rights reserved.
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