BURNABY, BC, May 22, 2013 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS) ("Legend Power" or the "Company")
It has granted incentive stock options (the "Options") to purchase up to
2,575,000 common shares for a period of 5 years at $0.10 per share. The
Options vest over a 3-year period.
At the Company's last AGM held on April 11, 2013, Jan Carr did not seek
re-election as director. Following the AGM, Michael Atkinson was
appointed Chairman of the Board and Randy Buchamer was appointed
President & CEO.
The Board of Directors of the Company has adopted an Advance Notice
Policy which sets out notice requirements for appointment of new
directors. A copy of the policy has been filed on SEDAR.
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, President & CEO
Legend Power Systems Inc.
+ 1 778 945 1501