VANCOUVER, July 22, 2013 /CNW/ - Legend Power Systems Inc. (TSX-V: LPS) proposes to carry out, subject to TSX Venture Exchange approval, a private placement of up to 6,600,000 units at $0.03 each for proceeds of up to $198,000. Each unit will consist of one common share and one non-transferable warrant to purchase a further share for three years at $0.05 in the first year and $0.10 in the last two years.
About Legend Power Systems Inc.
Legend Power Systems Inc. (www.legendpower.com) is a leading electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve significant energy savings through voltage optimization. Legend Power's Electrical Harmonizer-AVR helps companies reduce their electricity bills, maintenance costs, and increases the life of electrical equipment, while contributing to a reduction in greenhouse gas emissions.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Legend Power Systems Inc.
Randy Buchamer
C.E.O. and President
Legend Power Systems Inc.
+ 1 778 945 1501
[email protected]