Valoe to convert additional convertible notes held by Winance

By Marisa Wong

Los Angeles, Nov. 22 – Valoe Corp. is converting a €40,000 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 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, 2018.

Valoe made similar conversions in May, June, July, August, September, October and November.

Under the latest conversion, Valoe will transfer 500,000 treasury shares to Winance. After the transfer, Valoe will have 721,088 treasury shares in total.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.