OTTAWA, June 7, 2016 /PRNewswire/ --

Validian Corp. (OTCQB: VLDI), a leading innovator in cyber security technology, today is pleased to announce that the Company has successfully strengthened its balance sheet through the completion of the following financing: 


        
        - $1.225 million U.S. for the purchase of 1,225 Series A Preferred Shares, with a
          stated value of $1,000 per share that are convertible at $0.10 share with no interest
          coupon;
        - an exchange of $929,533.81 of Senior Secured Convertible Notes plus $74,747.92 in
          unsecured Senior Convertible Notes, both of which are convertible at $0.03 per share,
          for 1,005 shares of Series A Preferred Stock, with a stated value of $1,000 per share,
          convertible at $0.10 per share with no interest coupon, thereby reducing the Company's
          fully diluted common shares by more than 23 million;
        - an exchange of the remaining balance of $2,835,025.46 of principal plus accrued
          interest of all Senior Secured Convertible Notes, which were issued from 2009 to 2011,
          convertible at $0.03 per share and earn interest at 10% per annum, for 3,900 shares of
          Series B Preferred Stock with a stated value of $1,000 per share, convertible at $0.03
          per share with no interest coupon; and
        - an exchange of $1,603,802.26 of principal plus accrued interest of unsecured Senior
          Convertible Notes issued from 2009 to 2015, which are convertible at $0.03 per share
          and earn interest at 10% per annum, for 2,325 shares of Series C Preferred Stock with
          a stated value of $1,000 per share, convertible at $0.03 per share with no interest
          coupon.

Combined, these transactions not only strengthen Validian's balance sheet by eliminating all of its secured debt and much of its unsecured debt, as well as by eliminating approximately $600,000 per year of interest costs going forward, but also provide the Company with more than a year's worth of working capital to be used for completing revenue generating installations and deployments with the Company's established channel partners at their existing customers and in their growing sales pipeline of qualified prospects.

"We are very pleased to complete these strategic financings which are undoubtedly a testament to the support and guidance of our largest stakeholders and new investors, each of whom have a keen understanding of the significant value that Validian's unique technology brings to commercial customers and the magnitude of our potential in several market verticals which are currently being explored," commented Bruce Benn, Chief Executive Officer of Validian. "Post transaction close, the Company is better equipped and empowered to continue its current and pending negotiations with a number of major companies to partner in the integration, deployment, use, and commercial roll out of Validian's technology in regional and global markets. Validian looks forward to securing those partnerships in the time ahead."

About Validian Corporation (OTCQB VLDI)

Validian's innovative, first-to-market, software-only technology is integrated rapidly and easily as a middleware and provides, manages and governs secure access of applications, services, servers, databases, and endpoints. Rapid integration into mobile, cloud, web, local and network applications ensures and manages secure access, storage, transfer, usage and sharing of sensitive critical data - where the value is.

Validian enables the next generation of secure Mobile Messaging, Communications and Advertising; Cloud Computing, Platforms and Storage; Distributed Applications and Computing; and Web Application and WebPortal Access and Usage.

Validian is a U.S. public company with offices in the U.S. and Canada. Visit http://www.Validian.com for more information on its digital asset solutions.

Discuss Validian events here: http://investorshangout.com/Validian-Corporation-VLDI-68278

Safe Harbor Statement 

Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.  


        
         
        Company: 
        Bruce Benn, CEO and President 
        bbenn@validian.com 
        +1-613-224-3535 
        EmptyBreak:MARKER 
        Investor Relations:  
        Howard Gostfrand 
        info@amcapventures.com 
        +1-305-918-7000 

 

SOURCE Validian Corp.