VALDOR TECHNOLOGY INTERNATIONAL INC. ("VTI")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: February 18, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced January 29, 2014:
Number of Shares: 5,280,000 shares
Purchase Price: $0.10 per share
Warrants: 5,280,000 share purchase warrants to purchase 5,280,000 shares
Warrant Exercise Price: $0.20 for a three year period
Number of Placees: 20 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Alder Investments (1993) Ltd. (Brian Findlay) Y 500,000
Aggregate Pro Group Involvement P 100,000
[1 placee]
Finder's Fee: 397,000 finder's units payable to Mr. Aime Grenier
37,500 finder's units payable to Dale Patterson
25,000 finder's units payable to Canaccord Genuity Corp.
37,500 finder's units payable to Deborah Thompson
Convertible Debenture/s
Convertible Debenture $397,000
Conversion Terms: 20% of the principal amount of the debenture may be convertible into units consisting of one common share and one common share purchase warrant at $0.10 of principal outstanding.
Maturity date: 3 years from closing
Warrants Each warrant will have a term of three years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.20 per share
Interest rate: 12%
Number of Placees: 5 placees
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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