VANCOUVER, Aug. 28, 2013 /CNW/ - Legend Power Systems Inc. (TSX-V: LPS) announces that:
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It has extended the expiry date of 16,029,664 warrants by a year to
September 28, 2014 at an exercise price of $0.15. These warrants were
previously issued in March 2012 for expiry on September 28, 2013. The
warrant exercise price remains unchanged.
- It has granted incentive stock options to employees, officers and consultants to purchase up to 2,451,900 common shares for a period of 5 years at $0.10 per share. These options vest within six months.
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.
Randy Buchamer C.E.O. and President
Legend Power Systems Inc.
+ 1 778 945 1501
rbuchamer@legendpower.com