BURNABY, BC, March 11, 2013 /CNW/ - Legend Power Systems Inc. (TSX-V:
LPS) is pleased to announce it has closed the second and final tranche
of a private placement of 8,479,286 units at $0.07 each for $593,550 by
issuing a total of 3,635,000 units at $0.07 each for proceeds of
$254,450. Each unit consisted of one common share and one
non-transferable warrant to purchase a further share for $0.10 for two
years. The shares and any shares issued on exercise of the warrants
will be subject to restrictions on transfer until June 28, 2013.
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.
For further information:
C.E.O. and President
Legend Power Systems Inc.
+ 1 778 945 1501