Early Warning Report - Chairman (NI62.102/104)
July 17, 2014 - Vancouver, B.C.
The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) (OTC: VTIFF) reports that Mr. Elston Johnston, Chairman and Director of Valdor has a post-conversion beneficial ownership of 10.76% of Valdor's issued and outstanding common shares. There are currently 100,105,720 common shares issued and outstanding. As a result of the methods of calculating post-conversion beneficial ownership, Mr. Johnston is deemed to have control and direction over an aggregate (both directly and indirectly) 11,177,775 common shares, which includes 3,805,000 share purchase warrants that are available to him for exercise. Based on Valdor's issued and outstanding and the potential exercise of available warrants held, Mr. Johnston would have control and direction over 10.76% of Valdor's issued and outstanding common shares on an undiluted basis. The common shares held by Mr. Johnston were acquired for investment purposes. Mr. Johnston currently has no intent to exercise any of the available share purchase warrants.
Valdor has received a second set of comments from the US Securities and Exchange Commission (SEC) relative to listing on the OTCQB securities market (please see news release dated 14/3/26). Valdor plans to respond to these comments during the week of 14/7/21.
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.
About Valdor Technology International Inc. (www.valdortech.com)
Valdor is a high technology fiber optic components company specializing in the design and manufacture of fiber optic connectors, laser pigtails, splitters, and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount™ technology. Valdor specializes in harsh environment products and in particular splitters and connectors. Valdor's business plan incorporates growth by acquisition. For information on Valdor's product lines please visit www.valdor.com.
Twitter: twitter.com/ValdorTechInt
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On Behalf Of the Board of Directors of
VALDOR TECHNOLOGY INTERNATIONAL INC.
Corporate Office: Suite 450 - 789 West Pender Street, Vancouver B.C. Canada V6C 1H2 ph. (604) 687-3775
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.