(TheNewswire)
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Vancouver, B.C. – TheNewswire - June 27, 2025 – Valdor Technology International Inc. (“ Valdor ” or the “ Company ”) (CSE: VTI), a provider of advanced fiber optic components, announces that Mr. Dorian Banks has stepped down as Chief Executive Officer and as a director of the Company, effective immediately. The Board thanks Mr. Banks for his contributions to the Company and wishes him well in his future endeavors.
The Company has commenced a formal search for a suitable candidate to assume the role of Chief Executive Officer and will provide further updates as the process advances.
The Company also announces it has granted an aggregate of 200,000 stock options (the “ Options ”) to certain directors and officers of the Company. Each Option is exercisable into one (1) common share of the Company at a price of $0.035 for a period of two (2) years from the date of grant. The Options are subject to the standard four month and one day hold period.
About Valdor
Valdor Technology International Inc. has an operating subsidiary company, Valdor Fiber Optics, Inc., headquartered near San Francisco, California which assembles optical fiber components and specializes in the design, manufacture and sale of passive fiber optic equipment.
ON BEHALF OF THE BOARD OF DIRECTORS OF
VALDOR TECHNOLOGY INTERNATIONAL INC.
Amar Purewal
CFO & Director
604-629-5400
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding the proposed Transaction, the potential issuance of securities, and the intended benefits of the licensing arrangement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including: the Company’s ability to attract and retain qualified personnel and the issuance of the Options. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
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