Valdor Technology Closes Financing
|An SI Board Since June 2013|
Focuses on Sales & Marketing
June 11, 2013 - Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) reported that it closed a non-brokered Private Placement announced May 24, 2013, for $2,017,500, issuing 20,175,000 Units at a price of $0.10 per unit. Each Unit consisted of one common share and one non-transferable three year share purchase warrant.
The funds will be used for sales & marketing of Valdor's fiber optic products and for general working capital.
About Valdor Technology International Inc.:
Valdor is a business that is corporately positioned to have significant impact in advancing key technologies in optical communications. Valdor has progressed through the research and development stage and has emerged as a new-generation technology company capable of deploying an array of conventional passive fiber optic products in addition to several that are proprietary and/or patent protected. The current global annual market for passive fiber optic components is approaching $40 billion, and Valdor can serve this growing demand in many sectors. The world wide roll-out of high speed Internet infrastructure will drive demand for fiber optic components. Fiber optics will be a great business opportunity for several years, at least, and probably for several decades.
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. Signal transmission in its many and various forms is being converted from electrical to fiber optics. A comprehensive report, by Global Industry Analysts Inc., on the fiber optic components market, projects that the fiber optics market will reach US$42 billion by the year 2017.
Symbols: VTI.V / VTIFF.OTC