Kontrol Energy Corp. (CNSX:KNR) entered into a letter of intent to acquire assets of MCW Dimax ltd. for CAD 1 million on January 3, 2018. The deal value is subject to closing adjustments and no common shares of Kontrol Energy will be issued as part of the transaction. MCW Dimax ltd. generates a revenue of approximately CAD 1 million with normalized EBITDA of 20%. The deal is subject to due diligence investigation, regulatory approvals and satisfaction of closing conditions. The deal is expected to close by March 31, 2018.