Business
Legend Power Raises $2.228 Million Through Successful Warrant Exercise All Outstanding Warrants Have Been Exercised
(via TheNewswire) Vancouver, Canada / TheNewswire / January 9, 20...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Legend Power Raises $2.228 Million Through Successful Warrant Exercise All Outstanding Warrants Have Been Exercised(via TheNewswire)\n \n \nVancouver, Canada / TheNewswire / January 9, 2018 - Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced it received gross proceeds of C$2,228,640 from the exercise of warrants prior to their expiry on December 31, 2017.\n\n \n \nA total of 5,571,600 warrants were exercised to acquire 5,571,600 common shares of the Company at a price of C$0.40 per warrant. When combined with the 3,227,150 warrants announced as exercised as of July 25, 2017, the Company raised a total of C$3,519,500 in this tranche. This represents 100% of the warrants set to expire on December 31, 2017. All warrants issued by the Company have now been exercised. \n\n \n \n\"Legend is privileged to have such strong support from our investor community as demonstrated by the successful exercise of our warrants,\" said Randy Buchamer, President and CEO of Legend Power. \"This additional capital will help us execute our business plan and rapidly address sales opportunities within Canada and the United States.\"\n\n \n \nAbout Legend Power Systems Inc. \n\n\n \nLegend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company's patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend's utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution 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. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange.\n\n \n \nFor further information, please contact:\n\n \n \nRandy Buchamer, CEO and President\n\n\n \n+ 1 778 945 1501\n\n\n \[email protected]\n\n \n \nSean Peasgood, Investor Relations\n\n\n \n+ 1 416 565 2805\n\...