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Valoe continues to convert convertible notes held by Winance
Chicago, Jan. 23 – Valoe Corp. is converting a €50,000 portion of its convertible notes into shares of the company at a conversion price of €0.07 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.
Under the latest conversion, Valoe will transfer 714,285 treasury shares to Winance. After the transfer, Valoe will have 2.863.947 treasury shares in total.
Valoe made similar conversions in last eight months of 2019.
Based in Mikkeli, Finland, Valoe specializes in clean energy, especially in photovoltaic technology.
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