Kontrol Technologies Corp (KNRLF)

[Sam Dan]

Nice to see management is doing DD before completing
acquisitions.
" Kontrol Energy Corp. (CSE:KNR) (the "Company") announces that it has terminated its proposed acquisition of up to 20 Megawatts of solar power generation assets referred to in its news releases of May 4, 2017 and July 20, 2017. In the course of completing its due diligence, Kontrol determined that the economics of the proposed transaction did not meet Kontrol's targeted internal rates of return on equity and cash flows. Paul Ghezzi, CEO of Kontrol commented, "Our objective is to maximize shareholder value over the long-term. We have completed 4 acquisitions in the past 12 months and have numerous potential target acquisitions in various stages of due diligence and look forward to continuing to execute for the benefit of our shareholders."