BURNABY, BC, Sept. 29, 2014 /CNW/ - Legend Power Systems Inc. (TSX-V: LPS) is pleased to announce that it has closed the warrant exercise expiring September 28, 2014 and raised approximately $2,262,000 from the issue of 5,026,665 shares at $0.45 each.
Proceeds from the exercise of these warrants will be used for general working capital purposes.
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 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]