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KONTROL ENERGY ANNOUNCES INTENDED NORMAL COURSE ISSUER BID

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Sam Dan Member Level  Tuesday, 04/10/18 12:57:24 PM
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KONTROL ENERGY ANNOUNCES INTENDED NORMAL COURSE ISSUER BID

Kontrol Energy Corp. intends to undertake a normal course issuer bid commencing on April 16, 2018.

The company's management and directors believe that from time to time the market price of Kontrol's Common Share price does not reflect the underlying value of the business and that the purchase of Common Shares for cancellation at such times is a prudent corporate measure that will both increase the proportionate interest in the Company of, and be advantageous to, all of the Company's remaining shareholders. The purpose of the NCIB is to facilitate this process.

As of April 9th, 2018, the Company had 26,426,141 common shares issued and outstanding. Under the terms of the NCIB, Kontrol may acquire up to 1,321,307 of its Common Shares, representing 5% of its issued and outstanding common shares. Such Common Shares will be purchased only when and if the Company considers it advisable. The Company may purchase up to 3,750 Common Shares in any one trading day, being 25% of the average trading volume of the Common Shares on the Canadian Stock Exchange (CSE) over the past six-months and may purchase once per calendar week, in a block trade, a greater number of Common Shares. The Company has appointed National Bank to coordinate and facilitate its NCIB purchases.

The NCIB will terminate on the earlier of April 16 th , 2019 and the date on which the maximum number of Common Shares that can be acquired pursuant to the NCIB have been purchased. All shares Common Shares purchased by the Company will be purchased on the open market through the facilities of the CSE and/or alternate Canadian trading systems at the market price at the time of purchase. Any Common Shares purchased pursuant to the NCIB will be cancelled by the Company.

Kontrol is planning to enter an Automatic Share Purchase Plan ("ASPP") under which a designated broker could purchase Common Shares pursuant to the NCIB on parameters established by the Company. The purpose of the ASPP is to permit Kontrol to purchase shares under its NCIB during internal blackout periods when Kontrol will not be permitted to trade in its shares, including regularly scheduled quarterly blackout periods.

About Kontrol Energy Corp.

Kontrol Energy Corp. (CSE:KNR, FSE:1K8) is a leader in energy efficiency solutions and technology. Through a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides 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.


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