Valoe converts €50,000 in notes held by Winance, transfers shares

By Taylor Fox

Chicago, July 9 – Valoe Corp. has approved the conversion request made by Winance to convert a portion of €50,000 of its convertible notes into shares of the company at a conversion price of €0.05 per share, according to a news release.

Under this conversion, Valoe will be transferring 1 million treasury shares to Winance.

After the transfer, Valoe will have 3,240,616 total treasury shares.

As previously reported, this arrangement was announced on Dec. 20, 2018, and this conversion is the latest in a series.

Valoe specializes in clean energy, especially in photovoltaic technology, and is based in Mikkeli, Finland.

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