Kontrol Technologies Corp (KNRLF)

[Sam Dan]

NOW listed properly >LETS SEE MANAGEMENT PERFORMS

KONTROL ENERGY CORP. ANNOUNCES DEBENTURE OFFERING
Obviously raising money for acquisitions, Hope their targets are successfull !!

"Kontrol Energy Corp. has commenced a non-brokered private placement of up to $5-million of units at a price of $1,000 per unit, with each unit to comprise one 8-per-cent unsecured non-convertible debenture and 100 common shares of the company.

The Company intends to use the majority of the net proceeds from the Offering to finance acquisitions of operating businesses and technologies in the energy efficiency sector as part of its overall growth strategy.

The Debentures will bear interest at a rate of 8% per annum, payable quarterly in arrears and will mature on October 31, 2019 (the "Maturity Date"). The Debentures are non-convertible and non-redeemable. The Debentures partially comprising the Units are not listed on any stock exchange or market. The Common Shares of the Corporation are listed on the CSE and trade under the symbol "KNR". The Debentures and Common Shares comprising the Units will be subject to a resale restriction for four months and one day from their date of issuance.

The Company may retain one or more registered securities dealers to effect sales of the Units or to find purchasers of the Units. The Corporation may pay a selling commission or finder's fee to such securities dealers or finders not exceeding 9% of the gross proceeds from the sale of the Units.

"Financing acquisitions through the Debenture offering provides Kontrol with the ability to minimize common equity dilution and accelerate our growth plans. Each acquisition we complete is anticipated to be accretive to revenue, operating cash flow and EBIT. Private company valuations remain very attractive, relative to public company valuations, and Kontrol has a number of strategic acquisitions in various stages of preliminary due diligence," says Paul Ghezzi, CEO.

Completion of the Offering is subject to the Company closing on a minimum of $200,000 on or prior to October 31, 2016. The Offering will be made by way of private placement in Canada and may be offered in other jurisdictions where they can be issued, exempt from any prospectus, registration or other similar requirements. The Offering is subject to certain conditions including, but not limited to, the approval of the Canadian Securities Exchange.

About Kontrol

Through a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol intends to provide market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Green House Gas (GHG) emissions.

Through our Energy Savings Simplified Program customers can gain immediate financial savings and the ability to monitor and modify energy consumption and demand in real-time through cloud based IoT solutions."


Read more at http://www.stockhouse.com/companies/bullboard#yzQLImZEdxZGw00e.99