TORONTO, Oct. 12, 2016 /CNW/ - Kontrol Energy Corp. (CSE:KNR) (the "Company") announces that the board of directors has approved the grant of 1,655,000 stock options to directors, officers, employees and consultants (the "Options", individually an "Option").

The Options are governed by the stock option plan of the Company, dated October 6, 2016 as currently in force.

Each Option is vested immediately and entitles the holder to purchase one common share of the Company at a price of $0.65 per common share until October 12, 2018. The Options are subject to applicable regulatory filings and approval.

About Kontrol Energy Corp.

Kontrol Energy Corp. (CSE:KNR) is a leader in energy efficiency solutions and technology. Through a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Green House Gas (GHG) emissions.

Through our Energy Savings Simplified Program® customers can gain immediate financial savings and the ability to monitor and modify energy consumption and demand in real-time through cloud based IoT solutions. To learn more about Kontrol Energy Corp., please visit the Company's website at www.kontrolenergy.com.

Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.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.

SOURCE Kontrol Energy Corp.

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