Kontrol Technologies Corp (KNRLF)

[Sam Dan]

And the roll out continues-management moving forward!!
KONTROL ENERGY CORP. ANNOUNCES PRIVATE PLACEMENT

Kontrol Energy Corp. plans to undertake a non-brokered private placement of up to 750,000 units to raise gross proceeds of up to $525,000. The units will be offered at a price of 70 cents, with each Unit consisting of one common share and one common share purchase warrant.

Each warrant will be exercisable to acquire one common share of the company at a price of 85 cents for a period of one year.

Proceeds from the offering will be used for acquisition deposits and general working capital. All securities purchased under this offering will be subject to a four-month-and-one-day hold period. Finders' fees may be payable on a portion of the offering in accordance with the policies of the Canadian Securities Exchange. Completion of the offering is subject to the acceptance of the CSE.

About Kontrol Energy Corp.

Through a disciplined merger 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 emissions.