(via Thenewswire.ca)
Hayward, California - March 18, 2009: The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) report that Valdor has negotiated a non-brokered private placement of 2,500,000 Units at a price of $0.10 per Unit with certain investors for gross proceeds of $250,000. 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 $0.125 per share for a period of two years from the date of closing of the private placement. The warrants issued with the units sold will be subject to an acceleration provision. After four months have elapsed from closing, if Valdor's shares trade above $0.80 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. A finder's fee may be paid in respect 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 new line of fiber optic products and for general working capital.
About Valdor Technology International Inc.: (www.valdortech.com)
Valdor, established in 1985, 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 using its proprietary patented Impact Mount™ and HeptoPort technologies.
Valdor's Impact Mount™ technology is all-mechanical with no epoxy or index matching gel. Valdor's patented IMT field installable termination kits and connectors are ideal for harsh environment applications and quick repair in the field. Please see www.valdor.com for complete information on Valdor's product line and other standard passive components including multiplexers, couplers, attenuators, patch cords and cable assemblies.
ON BEHALF OF THE BOARD OF DIRECTORS OF
Valdor Technology International Inc.
"MICHEL RONDEAU"
Michel Rondeau
President and CEO
California Operations
3116 Diablo Avenue
Hayward, CA 94545
Telephone: (510) 293-1212
Fax: (510) 293-9777
Email: michel@valdor.com
Canadian Office
480-789 West Pender Street
Vancouver, B.C. V6C 1H2
Telephone: (604) 687-3775
Fax: (604) 689-7654
Email: bfindlay@valdor.com
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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