Valoe Oyj - Changes in company's own shares

ISSUE OF CONVERTIBLE NOTES AND WARRANTS; CONVERSION OF CONVERTIBLE NOTES PURSUANT TO FINANCING ARRANGEMENT BETWEEN VALOE CORPORATION AND BRACKNOR INVESTMENT

Valoe Corporation                                                  Stock
Exchange Release 8 May 2017 at 14.40 

ISSUE OF CONVERTIBLE NOTES AND WARRANTS; CONVERSION OF CONVERTIBLE NOTES
PURSUANT TO FINANCING ARRANGEMENT BETWEEN VALOE CORPORATION AND BRACKNOR
INVESTMENT 

The Board of Directors of Valoe Corporation (the "Company") has, pursuant to
the terms and conditions of the financing arrangement between Valoe Corporation
and Bracknor Investment announced on 19 April 2017, resolved to (i) withdraw
the first convertible notes tranche of EUR 250,000 and to issue to Bracknor
Investment in total 250 convertible notes and in total 12,500,000 warrants
related thereto, and (ii) pay the commitment fee equal to EUR 120,000 agreed on
in the terms and conditions of the financing arrangement by issuing a total of
120 convertible notes to Bracknor Investment. Additionally, the Board of
Directors has resolved to approve the request of Bracknor Investment to convert
a proportion of EUR 100,000 of the convertible notes to the shares in the
Company at conversion price of EUR 0.011 per share. The conversion shall be
executed by transferring a total of 9,090,909 treasury shares to Bracknor
Investment. After the transfer the Company will have in total 76,909,091
treasury shares. 



In Mikkeli on 8 May 2017

Valoe Corporation

BOARD OF DIRECTORS



For more information:
CEO Iikka Savisalo, Valoe Corporation
p. 0405216082
email: iikka.savisalo@valoe.com

Distribution:
Nasdaq Helsinki Oy
Main media
www.valoe.com

Valoe Corporation specializes in the clean energy, especially in photovoltaic
solutions. Valoe provides automated production technology for solar modules
based on the company’s own technology; production lines for modules; solar
modules and special components for solar modules. Valoe's head office is
located in Mikkeli, Finland.