Valdor Technology International Inc. announced a private placement for aggregate gross proceeds of no less than CAD 2,500,000 on December 2, 2022. The company will issue either common shares or units with each unit being comprised of one share and one share purchase warrant, with each warrant exercisable for one share at a price of CAD 0.50 per warrant for a period of 2 years following closing of the transaction. The price per unit or share, as applicable, is expected to be no less than CAD 0.10 per share or unit.

The company will determine, in the context of the market, if the transaction will consist of shares or units.