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Bullboard - Stock Discussion Forum Valdor Technology International Inc C.VTI

Valdor Technology International Inc. is a Canada-based company. The Company, through its subsidiary, Valdor Fiber Optics, Inc., is an optical fiber components company specializing in the design, manufacture and sale of passive fiber optic components. The Company manufactures its products in California and sells the passive fiber optic components via delivery to customers in the United States. see more

CSE:VTI - Post Discussion

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Post by shak119 on Jan 07, 2019 10:17pm

news bulletin

Vancouver, BC - January 3, 2019 - Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) announces the implementation of the consolidation of its share capital on a 20 for 1 basis, consolidating its 114,242,220 currently outstanding common shares to 5,712,111 common shares. The Company’s common shares are scheduled to begin trading on a postconsolidation basis on the TSX Venture Exchange (“Exchange”) at the market open on Monday, January 7, 2019. The Company’s common shares will continue to trade as a Tier 2 Issuer on the Exchange under its current stock symbol “VTI” on a postconsolidation basis and under a new CUSIP number 919067207/ ISIN number CA9190672076. A Letter of Transmittal will be sent to the registered shareholders, on January 7, 2019, providing instructions to surrender the share certificates evidencing their preconsolidated common shares for replacement certificates of Valdor representing the number of postconsolidated common shares they are entitled to as a result of the consolidation. Until surrendered, each certificate representing the preconsolidated common shares will be deemed to represent the number of postconsolidated common shares of Valdor that the holder thereof is entitled to as a result of the consolidation. The Company will not be issuing fractional shares as a result of the consolidation. Instead, all fractional shares equal or greater to onehalf will be rounded to the next whole share. The Company’s outstanding stock options and share purchase warrants will be adjusted upon completion of the consolidation. On behalf of the Board of Directors of Valdor Technology International Inc.
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