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Partial completion of non-brokered PP announced

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Sam Dan Member Level  Wednesday, 05/09/18 10:49:42 AM
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Partial completion of non-brokered PP announced
Kontrol Energy Corp. (CSE:KNR, FSE:1K8) ("Kontrol" or the "Company") announces that it has engaged with STEVLOC Management Inc. ("STEVLOC or "Agent") to act as lead agent for the previously announced non-brokered private placement (the "Offering"). STEVLOC has committed to a lead order of $2 million. The funds will be allocated primarily to complete new operating business acquisitions that Kontrol has in due diligence.
"STEVLOC previously participated in our initial debenture financing and provided approximately $1.3 million in capital," says Paul Ghezzi, CEO Kontrol Energy. "STEVLOC is now taking a larger position in our current financing and working with us as lead agent. We appreciate working with the STEVLOC team to continue to grow our revenues and earnings."
"We are excited to be assisting Kontrol execute on their business plans," says Josh Will, Executive VP, STEVLOC. "Kontrol has been able to deliver significant revenue growth over the past year and has demonstrated the ability to execute on their business plan. We look forward to helping the Company continue on its growth path."
The Company may enter into an agreement or agreements (each such agreement, an "Agency Agreement") with the Agent. In consideration of the Agent and any sub-agent services to be rendered in connection with the Offering, the Company may pay to the Agent or sub-agent, subject to the President's List, a cash fee in an amount not exceeding 8% of the aggregate Gross Proceeds of the sale of Units attributable to the Agent or sub-agent, and/or the issuance of share purchase warrants of the Company (the "Finder's Warrants") not exceeding 10% of the Gross Proceeds in respect to such sales. Each Finder's Warrant will be exercisable to purchase one additional common shares of the Company (the "Finder's Warrant Shares") at a price per share determined by the Company, and/or to the provisions of the Canadian Securities Exchange Policy 6 – Distributions, for a period of 30 months from the closing date. Kontrol will pay the Agent a sales commission in Finder's Warrants at a discounted rate equal to 3% of the gross proceeds of the Units sold to parties brought into the Offering by Kontrol, each party to be properly set out in the list provided by the Issuer to the Agent and approved by the Agent (the "President's List"). There will be no cash commission payable to the Agent for Units sold to parties on the President's List.
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.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This document shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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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