SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Microcap & Penny Stocks
Valdor Technology VTI.V / VTIFF
An SI Board Since June 2013
Posts SubjectMarks Bans
5 0 0
Emcee:  DJK1 Type:  Moderated
Valdor Technology Closes Financing

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

www.valdortech.com
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):