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Valoe to convert additional convertible notes held by Winance
By Marisa Wong
Los Angeles, Feb. 27 – Valoe Corp. is converting a €120,000 portion of its convertible notes into shares of the company at a conversion price of €0.06 per share, according to a news release on Thursday.
The conversion of the notes is being made at the request of Winance, which entered into a financing arrangement with Valoe on Dec. 20, 2018.
Valoe made similar conversions in May 2019, June 2019, July 2019, August, September, October, November, December and January.
Under the latest conversion, Valoe will transfer 2 million treasury shares to Winance. After the transfer, Valoe will have 30,614 treasury shares in total.
Based in Mikkeli, Finland, Valoe specializes in clean energy, especially in photovoltaic technology.
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