BURNABY, BC, Dec. 2, 2014 /CNW/ - Legend Power Systems Inc. ("Legend"), (TSX-V: LPS) has appointed Primary Capital Inc. ("Primary") of Toronto, Ontario as a financial advisor to provide Legend with general financial and capital markets advice for a term of one year.
In consideration of such services, Primary could be issued by Legend up to 1,000,000 common shares, subject to TSX Venture Exchange approval, if certain contracted milestones are achieved. Primary may also earn a fee of 2% of gross proceeds if an acceptable public offering is completed within the term of the contract.
About Primary Capital Inc.
Primary is an exempt market dealer in British Columbia, Alberta, Ontario and Quebec. Primary provides financial and capital markets advice, as well as assistance on capital raises, to Canadian-based growth companies.
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's electrical savings solution 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, [email protected]