Vancouver, Canada, August 3, 2016 – Legend Power Systems Inc. (“Legend”)(TSXV: LPS) announces the exercise of 1,946,700 warrants with a strike price of $0.30 each, for total proceeds of $584,010. The warrants exercised, represent 88% of the tranche which expired July 31, 2016.
The company intends to use the proceeds of the warrant exercises for general and working capital purposes.
About Legend Power Systems Inc.
Legend Power Systems Inc. markets a proprietary device, the ‘Harmonizer’ that helps individual buildings reduce energy consumption through the utility-proven concept of Conservation Voltage Reduction (CVR). Legend provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. Legend was recognized as the top performing cleantech company on the TSX Venture Exchange in 2015.
For further information, please contact:
Randy Buchamer, CEO and President
+ 1 778 945 1501
Steve Vanry, CFO
+ 1 604 671 9522
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.