For Immediate Release
CALGARY, ALBERTA, February 10, 2017
Pinnacle Asset Management, a division of Pinnacle Wealth Brokers Inc. (“Pinnacle”), the Portfolio Manager of the Pinnacle Absolute Return Trust (“PART”), is pleased to announce the completion of a $4MM secured bridge loan, through its wholly-owned subsidiary, Pinnacle Diversified Private Income Limited Partnership (the “Private LP”), to Kontrol Energy Corp. (“Kontrol Energy”), a reporting issuer whose securities trade on the Canadian Stock Exchange (CSE: KNR).
Kontrol Energy used the bridge loan proceeds to complete its acquisition of Ortech Consulting Inc. (“Ortech”). Ortech is a leading engineering consulting firm specializing in Green House Gas (“GHG”) reporting, air quality testing, emission testing and renewable energy/power consulting. The bridge loan has a term of six months and is secured by the assets of Kontrol Energy and of Ortech. Kontrol Energy anticipates that the bridge loan will be replaced by long-term senior secured debt financing over the next six months.
Darvin Zurfluh, the CEO of Pinnacle, says “We are pleased to have completed the bridge loan to Kontrol Energy, since it provides our Private LP with a more diversified lending portfolio into the green energy sector.”
“Ortech is a leader and recognized brand in the Ontario GHG reporting and power generation market,” says Paul Ghezzi, CEO of Kontrol Energy. “We are excited about the closing of this acquisition and we look forward to expanding Ortech’s unique services and solutions across Canada.”
About Pinnacle Absolute Return Trust
Pinnacle Absolute Return Trust provides investors with the unique opportunity of diversifying their investment through private and public portfolios managed by Pinnacle Asset Management and Fiera Capital Corp., both of whom have demonstrated proven success in their respective investment expertise. PART provides investors with an income and growth investment based on an absolute return strategy. The goal of “absolute return” investing is to generate a positive return in all market conditions. For more information, visit www.pinnaclefunds.ca
About Pinnacle Wealth Brokers
Pinnacle Wealth Brokers is registered as an Exempt Market Dealer in the provinces of AB, BC, SK, MB, ON, QB, NS, NB and NL. Pinnacle provides private investment opportunities to qualifying investors through a network of trained dealing representatives located throughout the country. Pinnacle has been recognized as one of the top growth companies in Canada in 2013 by Profit Magazine as well as one of the Fast 50 Growth companies for both 2013 and 2014 by Alberta Venture Magazine. Additional information on Pinnacle can be found at www.pinnaclewealthbrokers.com.
For Further Information:
Darvin Zurfluh, CEO
Pinnacle Wealth Brokers Inc.
Suite 250, 15 Royal Vista Place NW
Calgary, Alberta T3R 0P3
Tel: 1-855-628-4286 | www.pinnaclewealthbrokers.com