Kraken Robotics Inc. (TSXV:PNG) acquired an unknown minority stake in Kraken Power GmbH for approximately €0.1 million on January 7, 2019. The consideration will be paid through cash. Post acquisition, Kraken Robotics Inc. will hold 75% stake in Kraken Power GmbH after conversion of an existing note receivable to equity and cash payment of approximately €0.1 million. Kraken Robotics Inc. (TSXV:PNG) completed acquisition of an unknown minority stake in Kraken Power GmbH on January 7, 2019.