Valdor Technology International Inc C.VTI

TSX, Here we come. Yet Another Step ....

[musing]

in a larger vision. Veteran Attains Conditional Approval for Toronto Stock Exchange Listing, Appoints New Vice President 12/4/03 CALGARY, ALBERTA, Dec 4, 2003 (CCNMatthews via COMTEX) -- Veteran Resources Inc. ('Veteran'or the 'Company') is pleased to announce that Veteran's shares have been conditionally approved for listing on the Toronto Stock Exchange. Philip J. Loudon, President and Chief Executive Officer comments, 'The listing on the Toronto Stock Exchange is a significant milestone in Veteran's growth strategy. It validates the Company's restructuring program while providing increased access to the institutional investment community.' Veteran has made application to the TSX Venture Exchange to voluntarily delist its shares from that exchange. The Company is also pleased to announce that, effective December 15, 2003, Mr. Brady Webb will join the Company as Vice-President, Engineering and Mr. Wytrychowski, currently Vice President, Engineering, will move to the expanded position of Vice President, Operations. In the interim period Mr. Webb will provide consulting services to Veteran. Mr. Webb brings 23 years of industry experience with increasing responsibilities to Veteran including Vice President, Engineering at Velvet Exploration Ltd. (subsequently El Paso Oil and Gas Canada Inc.) where he was an integral member of the management team along with Messrs. Woolner, Loudon and Henry of Veteran. In connection with his appointment, Mr. Webb has been granted stock options to acquire 300,000 common shares at a purchase price of $0.70 per common share. Subject to regulatory approval, the Company intends to issue 215,000 units to Mr. Webb at a purchase price of $0.70 per unit for gross proceeds of $150,500. Each unit shall be comprised of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share upon payment of $0.90 for a period up to two years. Pursuant to TSX Venture Exchange Policy 5.9 ('Policy 5.9') and OSC Rule 61-501 ('OSC Rule'), the issuance of units to Mr. Webb may be classified as a 'related party transaction'given that Mr. Webb shall be a senior officer of the Company. The Company has determined that exemptions from the various requirements of Policy 5.9 and the OSC Rule are available. Given the availability of such exemptions, it is anticipated that, subject to receipt of regulatory approval, the Company may close the private placement in advance of 21 days after the filing of the material change report required by Policy 5.9 and the OSC Rule. VETERAN RESOURCES INC. Suite 2200 700 - 6th Avenue, S.W. Calgary, Alberta T2P 0T8 Veteran Resources Inc. Philip J. Loudon President and Chief Executive Officer [phone] [phone] (FAX) Website: www.veteranresources.net