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KNRLF - Kontrol Technologies launches C$8.5M private placement
Kontrol Energy Corp
Kontrol Technologies (KNRLF) entered into securities purchase agreements for a private placement of its shares and warrants for gross proceeds of ~C$8.5M.Post private placement, the company will issue up to 5.67M shares and warrants to purchase up to 2.8M shares at C$1.5/share.Each warrant holder entitled to purchase one share at C$1.75/share prior to three years from closing date.Closing date is expected to occur on or about June 1.