VANCOUVER, March 27, 2013 /CNW/ - Legend Power Systems Inc. (TSX-V:
LPS), (the "Company"), is pleased to announce that it has reached an
agreement with a creditor, subject to TSX Venture Exchange approval, to
issue 334,050 common shares at a price of $0.10 per share in
satisfaction of indebtedness totaling $33,405. This will allow the
Company to utilize the funds for working capital instead. The shares
will be subject to restrictions on resale of four months from the date
of issuance under applicable securities legislation.
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:
Randy Buchamer C.E.O. and President
Legend Power Systems Inc.
+ 1 778 945 1501