Valoe holder Bracknor converts €10,000 of notes at 21.875% discount

By Susanna Moon

Chicago, Nov. 16 – Valoe Corp. said it will allow Bracknor Investment to convert €10,000 of its convertible notes to shares in the company at conversion price of €0.25 per share.

The conversion will be executed by transferring 40,000 treasury shares to Bracknor, according to a company press release.

The company’s stock (Helsinki: VALOE) closed at €0.32 on Nov. 13.

The conversion price is a 21.875% discount to the company’s closing price on Nov. 13.

Valoe is a clean energy company based in Mikkeli, Finland.

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