21:35:36 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Kontrol Energy Corp
Symbol KNR
Shares Issued 27,396,509
Close 2018-11-09 C$ 0.70
Market Cap C$ 19,177,556
Recent Sedar Documents

Kontrol closes $154,000 second tranche of financing

2018-11-09 18:16 ET - News Release

An anonymous director reports

KONTROL ENERGY CORP. COMPLETES SECOND TRANCHE CLOSING OF EQUITY PRIVATE PLACEMENT

Kontrol Energy Corp. has closed a second tranche of a non-brokered private placement, raising gross proceeds of $390,110. On Nov. 5, 2018, Kontrol announced that it had issued 337,000 units at a price of 70 cents per unit, each unit consisting of one common share and one warrant exercisable to acquire one common share of the company at a price of $1 for a period of three years, in certain circumstances. In response to investor interest, today, Kontrol issued an additional 220,000 units raising gross proceeds of $154,000 on the same terms as the first tranche.

The use of the proceeds is to finance deposits on potential acquisitions of operating businesses and technologies in the energy efficiency sector as part of the issuer's overall growth strategy and general working capital.

All of the securities issued in connection with the closing are subject to a hold period expiring on March 6, 2019.

About Kontrol Energy Corp.

Kontrol Energy is a leader in the energy efficiency sector through Internet of things, cloud and software-as-a-service technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy provides market-based energy solutions to its customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.

We seek Safe Harbor.

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