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Legend Power Systems Inc. Completes $10 Million Bought Deal Financing

April 06, 2018

Legend Power Systems Inc. (TSX-V:LPS) completed a bought deal public offering of an aggregate of 12,500,000 common shares for gross proceeds of $10 million.

Legend is a global leader in voltage reduction and management technology, and uses its proprietary technology to reduce overvoltage, a natural condition present in power grids around the world.

The offering was completed by a syndicate of underwriters led by GMP Securities L.P. and including Canaccord Genuity Corp. and Haywood Securities Inc.

Wildeboer Dellelce LLP acted for the underwriters in connection with the offering with a team that consisted of Jeff Hergott, Michael Rennie, Rebecca Cochrane and Davia Wang (corporate/securities) and Katy Pitch (tax).