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Valoe to convert additional convertible notes held by Winance
Chicago, July 2 – Valoe Corp. is converting a portion of its €20,000 convertible notes into shares of the company at a conversion price of €0.15 per share, according to a news release on Monday.
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 and June 17.
Under the new conversion, Valoe will transfer 133,333 treasury shares to Winance. After the transfer, Valoe will have 438,886 treasury shares in total.
Based in Mikkeli, Finland, Valoe specializes in clean energy, especially in photovoltaic technology.
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