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VTIFF - $925,000 Non - Brokered Private Placement Closed
Mar 20, 2014 (ACCESSWIRE via COMTEX) -- Hayward, California / ACCESSWIRE / March 20, 2014: The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) (OTC: VTIFF) is pleased to report that the first tranche of the non-brokered Private Placement announced January 29, 2014 has now closed. A total of 5,280,000 Units at a price of $0.10 per unit have been purchased for $528,000 and convertible debentures issued for $397,000 with total proceeds realized of $925,000. Each equity Unit consists of one common share of Valdor and one non-transferable three year share purchase warrant. Each warrant allows the holder thereof to purchase one further common share of Valdor at a price of $0.20 if exercised on or before February 18, 2017. A finder's fee of 497,000 Units has been issued relative to this financing, in accordance with the policies of the TSX Venture Exchange. The 5,777,000 common shares issued are subject to a four month hold period expiring June 18, 2014. 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 $0.60 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. The proceeds from this private placement will be used for purchasing the business and assets of VideoWare, Inc., marketing of Niagara's and Valdor's line of fiber optic products, paying current liabilities and for general working capital.
Valdor will raise up to an additional $900,000 in a second tranche, by a combination of equity and/or debenture financing: 1) The non-brokered equity private placement component will be up to 9,000,000 units (the "Units') at a price of $0.10 per Unit for aggregate gross proceeds of up to $900,000. Each Unit will be comprised of one common share and one non-transferable share purchase warrant. Each warrant will allow the holder thereof to purchase one additional common share at a price of $0.20 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 $0.60 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; 2) The debenture component will be to a maximum of $900,000 with the holder of the debenture receiving twelve percent (12%) per annum calculated annually and paid quarterly for three years on funds advanced. At the discretion of the holder 20% of the funds advanced may be converted into Valdor Units as described above.
About Valdor Technology International Inc. (www.valdortech.com): Valdor is a technology company with two divisions: 1) A fibre optic components company specializing in the design, manufacture and sale of fiber optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact MountTM technology. The company specializes in harsh environment products and in particular splitters and connectors and; 2) A streaming video company, Niagara Streaming Media, that markets the Niagara and GoStream product lines. Streaming video is the future of television. Niagara Streaming Media owns four patents.
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.
http://www.accesswire.com/img.ashx?id=413311
Copyright 2014 ACCESSWIRE
-0-
Valdor Technology International Inc. Canada (TSX.V: VTI) and USA (OTC: VTIFF) is a fiber optics component company specializing in the design and manufacturing of its patented Impact Mount™ Technology (IMT) all-metal-epoxyless field termination connectors, mechanical splices, and installation kits. The company trades on the Toronto Venture Stock Exchange under the symbol VTI.
Lots of attention on $VTIFF today! I do mean LOTS!! I have seen chatters talking about $VTIFF everywhere!! This gotta be on top of your radar !!!
VTIFF ASLO TRADES ON THE TORONTO EXCHANGE UNDER TSXV:VTI.......Hammer
$VTIFF held on to $0.01 to close above the pennyland. Please put $VTIFF on close watch, something is up.
VERY NICE......WE LOVE THE VTIFF TRANSPARENCY........Hammer
Great website link! www.valdortech.com $VTIFF
Technical Analysis on $VTIFF, on bounce alert for today!
http://www.barchart.com/technicals/stocks/VTIFF
NICE VTIFF LOOKING VERY THIN HERE IN PM.......SWEET.....Hammer
VTIFF is OTC pink current!
Financial Reporting/Disclosure
Reporting Status International Reporting: TSX Venture Exchange
Fiscal Year End 12/31
OTC Marketplace OTC Pink Current
Great info on the VTIFF website!
Website: http://www.valdortech.com
GM ALL VTIFF INVESTORS......Hammer
VTIFF - Business Description
Valdor Technology International Inc. is a fiber optics component company specializing in the design and manufacturing of its patented Impact Mount(TM) Technology (IMT) all-metal-epoxyless field termination connectors, mechanical splices, and installation kits. Every fiber optic cable must end with a connector or splice. A comprehensive global report on the fiber optic components market projects that it will reach US$42 billion by the year 2017. Valdor's unique IMT connectors, mechanical splices, and installation kits have major advantages in both established and emerging fiber optic markets. Additionally, Valdor's patented IMT connectors are the only connectors suitable for many applications in the fiber optics industry.
Looks ready for the next leg up http://finance.yahoo.com/q/bc?s=VTIFF+Basic+Chart
VTIFF
Newsletters hitting this morning for VTIFF!
Looks good, budfox. Did you see the stock chart?
Great news article, I will have to research it further! $VTIFF
VTIFF is gaining strong attention on social media
VTIFF - $925,000 Non - Brokered Private Placement Closed
Mar 20, 2014 (ACCESSWIRE via COMTEX) -- Hayward, California / ACCESSWIRE / March 20, 2014: The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) (OTC: VTIFF) is pleased to report that the first tranche of the non-brokered Private Placement announced January 29, 2014 has now closed. A total of 5,280,000 Units at a price of $0.10 per unit have been purchased for $528,000 and convertible debentures issued for $397,000 with total proceeds realized of $925,000. Each equity Unit consists of one common share of Valdor and one non-transferable three year share purchase warrant. Each warrant allows the holder thereof to purchase one further common share of Valdor at a price of $0.20 if exercised on or before February 18, 2017. A finder's fee of 497,000 Units has been issued relative to this financing, in accordance with the policies of the TSX Venture Exchange. The 5,777,000 common shares issued are subject to a four month hold period expiring June 18, 2014. 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 $0.60 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. The proceeds from this private placement will be used for purchasing the business and assets of VideoWare, Inc., marketing of Niagara's and Valdor's line of fiber optic products, paying current liabilities and for general working capital.
Valdor will raise up to an additional $900,000 in a second tranche, by a combination of equity and/or debenture financing: 1) The non-brokered equity private placement component will be up to 9,000,000 units (the "Units') at a price of $0.10 per Unit for aggregate gross proceeds of up to $900,000. Each Unit will be comprised of one common share and one non-transferable share purchase warrant. Each warrant will allow the holder thereof to purchase one additional common share at a price of $0.20 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 $0.60 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; 2) The debenture component will be to a maximum of $900,000 with the holder of the debenture receiving twelve percent (12%) per annum calculated annually and paid quarterly for three years on funds advanced. At the discretion of the holder 20% of the funds advanced may be converted into Valdor Units as described above.
About Valdor Technology International Inc. (www.valdortech.com): Valdor is a technology company with two divisions: 1) A fibre optic components company specializing in the design, manufacture and sale of fiber optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact MountTM technology. The company specializes in harsh environment products and in particular splitters and connectors and; 2) A streaming video company, Niagara Streaming Media, that markets the Niagara and GoStream product lines. Streaming video is the future of television. Niagara Streaming Media owns four patents.
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.
http://www.accesswire.com/img.ashx?id=413311
Copyright 2014 ACCESSWIRE
-0-
Recent VTIFF news
http://www.otcmarkets.com/stock/vtiff/news
Should see some nice volume today, alerts out!
VTIFF
Can't wait to hear more on the progress of the uplisting request to OTCQB status!
http://www.valdor.com/media/releases/valdor-news-release.php?year=2014&seq=4&sign=0
$VTIFF
Agreed, budfox! High buzz and low float = big move imo. I like our odds from this price level!
VTIFF
Valdor Makes Submission to SEC for Listing on US OTCQB - VANCOUVER, British Columbia, Mar 26, 2014 (GLOBE NEWSWIRE via COMTEX) -- Valdor Technology International Inc. ("Valdor") (TSX-V:VTI) (OTC:VTIFF) is pleased to report that application to the Securities Exchange Commission (SEC) to have Valdor listed on the OTCQB Securities Market in the US is completed and is being filed today.
OTC Markets Inc., located in New York, N.Y., operates the world's largest electronic interdealer quotation system for broker-dealers to trade over 9,000 securities not listed on any other U.S. stock exchange. It is organized into three tiers based on the level of disclosure: OTCQX, OTCQB and Pink Sheets. When this listing is completed, North American & International investors will be able to find news, current financial disclosure and real-time Level 2 quotes for Valdor on www.otcmarkets.com.
Fiber optics is a high growth sector, and it should continue with the strong growth through 2017!
http://www.osa-opn.org/home/industry/2013/august/forecasts_for_fiber_optics_strong_growth_through_2/
$VTIFF
Nice video chart out for VTIFF by ClayTrader here today!
http://ih.advfn.com/videos/stock-chart/vtiff-stock-chart-3-27-2014_yZUHJZS20F8
Should move easily here!
VTIFF
$VTIFF on high alert! http://www.otcmarkets.com/stock/VTIFF/quote
Super low float here, only 40,000,000 shares available to be traded! Could see a huge and fast move made here.
$VTIFF
Good morning all, VTIFF generating some serious buzz!
Bullish sentiment here this morning, that's a good sign for the day!
http://www.pennystocktweets.com/stocks/profile/VTIFF
$VTIFF
Good morning, all! Check out the Twitter buzz on this one today! It's more awake than I am haha!
https://twitter.com/search?q=%24VTIFF&src=typd&f=realtime
I'm looking for a strong move today
VTIFF
Valdor Technology International Inc. (TSX.V: VTI) is a fiber optics component company specializing in the design and manufacturing of its patented Impact Mount™ Technology (IMT) all-metal-epoxyless field termination connectors, mechanical splices, and installation kits.
VTIFF
Huge buzz all over social media!
VTIFF
Big twitter buzz!
VTIFF
Strong statement! sign of things to come here
VTIFF
Patented Technology for the Fiber Optics Industry
Valdor brings a twenty-year legacy of quality and technology innovation to the marketplace. The IMT technology underpinning our legacy is based on the premise that MARKETS RESPOND TO LOW COST OF MANUFACTURING AND HIGH YIELD.
VTIFF
Valdor Technology International Inc. ("Valdor") (TSXV:VTI.VN) (OTC:VTIFF) is pleased to report that application to the Securities Exchange Commission (SEC) to have Valdor listed on the OTCQB Securities Market in the US is completed and is being filed today.
OTC Markets Inc., located in New York, N.Y., operates the world's largest electronic interdealer quotation system for broker-dealers to trade over 9,000 securities not listed on any other U.S. stock exchange. It is organized into three tiers based on the level of disclosure: OTCQX, OTCQB and Pink Sheets. When this listing is completed, North American & International investors will be able to find news, current financial disclosure and real-time Level 2 quotes for Valdor on www.otcmarkets.com.
VTIFF - Mr. Brian Findlay, CFO/Director, states: "We want investors throughout the world to have ready access to Valdor stock ownership so we can facilitate stock distribution internationally. Listing on the US OTC Bulletin Board market will greatly help us achieve this objective."
Valdor Makes Submission to SEC for Listing on US OTCQB
VANCOUVER, British Columbia, Mar 26, 2014 (GLOBE NEWSWIRE via COMTEX) -- Valdor Technology International Inc. ("Valdor") (TSX-V:VTI) (OTC:VTIFF) is pleased to report that application to the Securities Exchange Commission (SEC) to have Valdor listed on the OTCQB Securities Market in the US is completed and is being filed today.
OTC Markets Inc., located in New York, N.Y., operates the world's largest electronic interdealer quotation system for broker-dealers to trade over 9,000 securities not listed on any other U.S. stock exchange. It is organized into three tiers based on the level of disclosure: OTCQX, OTCQB and Pink Sheets. When this listing is completed, North American & International investors will be able to find news, current financial disclosure and real-time Level 2 quotes for Valdor on www.otcmarkets.com.
Mr. Brian Findlay, CFO/Director, states: "We want investors throughout the world to have ready access to Valdor stock ownership so we can facilitate stock distribution internationally. Listing on the US OTC Bulletin Board market will greatly help us achieve this objective."
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 fiber optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount technology. The company specializes in harsh environment products and in particular splitters and connectors and; 2) Niagara Streaming Media, a streaming video business that owns four patents and markets the Niagara and GoStream product lines. 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.
Twitter: http://twitter.com/ValdorTechInt
Facebook: http://www.facebook.com/valdortech
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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