Legend Power Grants Stock Options, Announces Changes in the Board of Directors and Adopts an Advanced Notice Policy

Burnaby, British Columbia – May 22, 2013 – Legend Power Systems Inc. (TSX.V: LPS) (“Legend Power” or the “Company”) announces that:

  1. 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.
  2. 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.
  3. 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.

For further information, please contact:

Randy Buchamer, President & CEO
Legend Power Systems Inc.
+ 1 778 945 1501
rbuchamer@legendpower.com                                 
 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada

accepts responsibility for the adequacy or accuracy of this release.