Valoe to convert some more convertible notes held by Winance

By Wendy Van Sickle

Columbus, Ohio, July 5 – Valoe Corp. is converting a €30,000 portion of its convertible notes into shares of the company at a conversion price of €0.15 per share, according to a news release on Friday.

The conversion of the notes is being made at the request of Winance, which entered into a financing arrangement with Valoe on Dec. 20.

The conversion follows similar conversions on June 7, June 17 and July 2.

Under the new conversion, Valoe will transfer 200,000 treasury shares to Winance. After the transfer, Valoe will have 238,886 treasury shares in total.

Based in Mikkeli, Finland, Valoe specializes in clean energy, especially in photovoltaic technology.

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