TORONTO, December 24, 2021– (BUSINESS WIRE) –Kontrol Technologies Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8) (“Control “or the”Society“) a leader in smart buildings and cities via IoT, Cloud and SaaS technologies, today filed a preliminary baseline shelf prospectus (the”shelf prospectus“) with securities regulators in the provinces of British Columbia, Alberta and Ontario. This filing, when finalized, will allow Kontrol to offer, issue and sell up to $ 20 million in debt securities, common stocks, warrants, subscription receipts, and units or a combination thereof from time to time, separately or together, in amounts, to prices and terms to be determined on the basis of market conditions at the time of the offering, and as set out in an attached prospectus supplement, during the 25-month period during which the shelf prospectus, once made final, remains valid.
This shelf prospectus is filed to give Kontrol the flexibility to take advantage of funding opportunities at its discretion when market conditions are favorable. The terms of such future offers, if any, will be established at the time of such offers. At the time any of the securities covered by the shelf prospectus is offered for sale, a prospectus supplement containing specific information on the terms of such an offer will be filed with the relevant Canadian securities regulatory authorities.
A copy of the shelf prospectus can be found under Kontrol’s profile on SEDAR at www.sedar.com
About Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware and service solutions to its customers to improve energy management, heating, ventilation and cooling (HVAC), emissions compliance and air quality.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking information” within the meaning of applicable securities laws, including, without limitation, the filing of the final base shelf prospectus and any prospectus supplement filed therein, the potential issuance of Kontrol securities and use of the proceeds from such offers. All statements contained in this document which are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information may be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “should”, “plan”, ” anticipate “,” intention “,” potential “,” proposed “,” estimate “,” believe “or the negative of these terms, or other similar words, expressions and grammatical variations, or statements that certain events or conditions” could “or” will “happen, or through strategy discussions.
When Kontrol expresses or implies an expectation or belief about future events or results, that expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. These risks include, without limitation, risks relating to the timing and filing of the final base shelf prospectus, the potential offer of securities by Kontrol, uncertainty as to the completion of any future offer, the ability to obtain approval of any proposed offer, Kontrol’s ability to negotiate and enter into future financing transactions and other risks detailed from time to time in public documents filed by Kontrol, including but not limited to limit, those detailed in Kontrol’s annual information form for the fiscal year ended December 31, 2020, copies of which are filed on SEDAR at www.sedar.com.
Therefore, no undue reliance should be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as of the date hereof and are based on the beliefs, estimates, expectations and opinions of management as of that date. Kontrol assumes no obligation to publicly update or revise these forward-looking statements or any forward-looking statements contained in any other document, whether as a result of new information, future events or otherwise, or to explain any differences. significant between subsequent actual events. and such forward-looking information, except as required by applicable securities laws. Readers are urged to carefully consider these and other factors, uncertainties and potential events, and not to place undue reliance on forward-looking information.
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Kontrol Technologies Corp.
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Phone. : (905) 766-0400
MZ Group – MZ North America
Phone. : +1 (949) 546-6326