(via Thenewswire.ca)
Vancouver, BC / TheNewswire / February 4, 2015 / Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) (OTC: VTIFF) (FRA: VZAA) is pleased to announce that a non-brokered private placement has been arranged for 11,000,000 Units at a price of $0.10 per unit for gross proceeds of $1,100,000. Each Unit is comprised of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Valdor at a price of $0.10 per share for a period of three years from the date of closing of the private placement.
Qualified persons acting as finders will receive a commission in accordance with the policies of the TSX Venture Exchange. The proceeds from this financing will be used for marketing of Valdor fibre optic products, Niagara Streaming Media products and for general working capital.
About Valdor Technology International Inc. (www.valdortech.com)
Valdor is a technology company with two divisions:
1) Valdor Fiber Optics, 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;
2) Niagara Streaming Media, a streaming video business that owns four patents and markets the Niagara and GoStream product lines.
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.
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