Kontrol Energy Corp. (CNSX:KNR) announced a non-brokered private placement of minimum 200 units and maximum 5,400 units at a price of CAD 1,000 per unit for gross proceeds of minimum CAD 200,000 and maximum CAD 5,400,000 on January 12, 2018. Each unit consists of a CAD 1,000 debenture and 100 common shares. Minimum subscription accepted in the transaction is CAD 5,000. The company expects to close the transaction in tranches, with first tranche to close during month of January, 2018, but may occur at such other earlier or later date. The company may ay a selling commission or finder’s fee to securities dealers or finders not exceeding 9% of the gross proceeds from the sale of the units. Securities issued in the transaction will have a restriction period of four months and a day. The debentures partially comprising the units shall have a term of 3 years from their date of issue.