TORONTO, Could 14, 2021 /PRNewswire/ – Kontrol Applied sciences Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8)  (“Kontrol Applied sciences” or “Kontrol“) a frontrunner in good buildings and cities by IoT, Cloud and SaaS expertise, is happy to announce that at the moment it has filed a preliminary base shelf prospectus (the “shelf prospectus“) with the securities regulatory authorities within the provinces of British Columbia, Alberta and Ontario. This submitting, when made closing, will allow Kontrol to supply, situation and promote as much as $15 million of widespread shares, warrants, subscription receipts, debt securities and models or a mix thereof every so often, individually or collectively, in quantities, at costs and on phrases to be decided primarily based available on the market circumstances on the time of the providing, and as set out in an accompanying prospectus complement, through the 25 month interval that the shelf prospectus, when made closing, stays legitimate.

The online proceeds from any choices beneath the shelf prospectus will probably be used as specified within the corresponding prospectus complement.

A replica of the shelf prospectus will be discovered beneath Kontrol’s profile on SEDAR at www.sedar.com.

About Kontrol Applied sciences Corp.

Kontrol Applied sciences Corp., a Canadian public firm, is a frontrunner in good buildings and cities by IoT, Cloud and SaaS expertise. Kontrol Applied sciences supplies a mix of software program, {hardware}, and repair options to its clients to enhance power administration, air high quality and steady emission monitoring.

Extra details about Kontrol Applied sciences Corp. will be discovered on its web site at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com.

Neither IIROC nor any inventory trade or different securities regulatory authority accepts duty for the adequacy or accuracy of this launch.

Ahead-Wanting Statements

This information launch incorporates “forward-looking data” throughout the that means of relevant securities legal guidelines together with, with out limitation, the submitting of the ultimate base shelf prospectus and any prospectus complement filed in connection therewith, the potential issuance of securities of Kontrol, and using proceeds from such choices. All statements contained herein that aren’t clearly historic in nature could represent forward-looking data. In some instances, forward-looking data will be recognized by phrases or phrases akin to “could”, “will”, “count on”, “doubtless”, “ought to”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “consider” or the unfavourable of those phrases, or different comparable phrases, expressions, and grammatical variations thereof, or statements that sure occasions or circumstances “could” or “will” occur, or by discussions of technique. 

The place Kontrol expresses or implies an expectation or perception as to future occasions or outcomes, such expectation or perception relies on assumptions made in good religion and believed to have an affordable foundation. Nonetheless, forward-looking statements are topic to dangers, uncertainties, and different elements, which might trigger precise outcomes to vary materially from future outcomes expressed, projected, or implied by such forward-looking statements. Such dangers embrace, however are usually not restricted to, dangers regarding the timing and submitting of the ultimate base shelf prospectus, the potential providing of any securities by Kontrol, uncertainty with respect to the completion of any future providing, the power to acquire relevant regulatory approval for any contemplated choices, the power of Kontrol to barter and full future funding transactions and different dangers detailed every so often within the public filings made by Kontrol, together with however not restricted to these detailed in Kontrol’s annual data type for the 12 months ended December 31, 2020, copies of that are filed on SEDAR at www.sedar.com.

Accordingly, undue reliance shouldn’t be positioned on forward-looking statements and the forward-looking statements contained on this press launch are expressly certified of their entirety by this cautionary assertion. The forward-looking statements contained herein are made as on the date hereof and are primarily based on the beliefs, estimates, expectations, and opinions of administration on such date.  Kontrol doesn’t undertake any obligation to replace publicly or revise any such forward-looking statements or any forward-looking statements contained in another paperwork whether or not on account of new data, future occasions or in any other case or to clarify any materials distinction between subsequent precise occasions and such forward-looking data, besides as required beneath relevant securities legislation. Readers are cautioned to think about these and different elements, uncertainties, and potential occasions rigorously and to not put undue reliance on forward-looking data.

SOURCE Kontrol Applied sciences Corp.

Associated Hyperlinks

https://www.kontrolbiocloud.com/



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