On July 6, 2020, Kontrol Energy Corp. (“Kontrol”) (CSE: KNR, OTCQB: KNRLF, FSE:1K8) closed a private placement offering of units (“Units”). Kontrol raised $1,977,000 from issuing the Units, each of which consisted of one $1,000 8% unsecured convertible debenture (each a “Convertible Debenture”) and 1,000 warrants (each a “Warrant”) with each warrant exercisable at the holder’s option to purchase one Common Share of Kontrol.
Kontrol was represented by WeirFoulds LLP, with a team consisting of Rob Eberschlag (securities), Daniel Thomson and Adrian Howard (financial services).
Kontrol is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol provides market-based energy solutions to its customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.
WeirFoulds is pleased to have assisted Kontrol in the transactions.
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