May 4 (Reuters) - Kontrol Energy Corp KNR.CD
* Kontrol Energy Corp. Enters into letter of intent to acquire up to 20 megawatts of solar energy power generation assets under the Ontario feed-in tariff program
* Kontrol Energy Corp - purchase price for acquisition of solar power generation assets is $31 million
* Kontrol energy corp - 80 percent of total purchase price will be paid by issuing to vendor units of kontrol
* Kontrol Energy Corp - for purchase price, each unit consisting of common share and one-quarter of a common share purchase warrant of kontrol
* Kontrol Energy-each whole warrant partially comprising a unit to entitle holder to purchase one co's common share for price of $2.50 for up to 3 years
* Kontrol Energy- balance of purchase price will be paid in cash, a hold-back of up to $6 million is contemplated for any adjustments that may be required
* Kontrol Energy Corp - with deal, net distributable cash flow after all expenses is about $3 million per annum in recurring cash flows for next 18 years Source text for Eikon: ID:nCNWSN0Zwa Further company coverage: KNR.CD