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Valoe transfers 2.5 million shares to Winance in latest conversion
By Taylor Fox
New York, Oct. 1 – Valoe Corp.’s board of directors approved a request by Winance to convert €100,000 of the convertible notes held by Winance into shares of Valoe at a conversion price of €0.04 per share.
The conversion will be executed by transferring 2.5 million treasury shares to Winance.
After the transfer, Valoe will have 20,040,616 total treasury shares.
The conversion is the latest in an ongoing series that began in May 2019.
Valoe specializes in clean energy, especially in photovoltaic technology, and is based in Mikkeli, Finland.
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