BURNABY, BC, April 20, 2012 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS) ("Legend Power" or the "Company") announces that it has granted incentive stock options (the "Options") to purchase up to 1,725,000 common shares of the Company to employees, consultants and an officer of the Company (the "Optionees"), of which 150,000 Options were granted to an officer of the Company. The Options vest over a 3-year period, except for 225,000 Options that vest upon certain performance targets being reached by the members of the sales team. All options are subject to the terms of the Company's stock option plan and are exercisable for a period of 5 years at $0.14 per share.
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 green house gas emissions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Legend Power Systems Inc.
+ 1 604 420 1500
LEGEND POWER SYSTEMS INC.
8561 Commerce Court
Burnaby, BC V5A 4N5
+1 604 420 1500