Valoe to convert more convertible notes held by Winance

By Marisa Wong

Los Angeles, Aug. 29 – Valoe Corp. is converting a €10,000 portion of its convertible notes into shares of the company at a conversion price of €0.08 per share, according to a news release on Tuesday.

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, June and July.

Under the latest conversion, Valoe will transfer 125,000 treasury shares to Winance. After the transfer, Valoe will have 771,088 treasury shares in total.

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

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