Vancouver, B.C.– January 24, 2025 – Valdor Technology International Inc. (“Valdor” or the “Company”) (CSE: VTI) announces the termination of the definitive arrangement agreement dated July 7, 2023 (the “Arrangement Agreement”) with 1000175307 Ontario Ltd. (“307”), an Ontario corporation, pursuant to which Valdor agreed to acquire, through a wholly-owned subsidiary, all of the issued and outstanding common shares of 307 from the shareholders of 307.

Management changes

Valdor also announces the resignations of Lucas Russell and Steven Inglefield from the Board of Directors, and Kristin Fedchuk from the position of Corporate Secretary. In connection with these changes, the Company is pleased to announce that Jon James has been appointed to the Board of Directors effective immediately, and will also assume the role of Corporate Secretary. Dorian Banks will assume the role as Chief Executive Officer.

Jon James is a serial entrepreneur with a career spanning diverse industries including technology, government, real estate, energy, and fashion. Early in his career, he founded VR Listing, one of the largest 3D property scanning companies in the world and more recently, he founded HPA, an AI and workflow automation company. His passion lies in building scalable, impactful solutions that bridge innovation and execution. Jon James has also advised technology firms, energy companies, and governments, leveraging his strategic insights to drive transformative outcomes. He was foundational in the legalization of cannabis in St. Vincent and the Grenadines, where he served in parliament. Jon James brings a balance of visionary leadership and practical expertise, helping organizations navigate complex challenges and seize new opportunities.

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.

 

Dorian Banks

CEO & Director

604-687-3775

 

No securities regulatory authority has either approved or disapproved of the contents of this news release.