Legend Power Systems Announces Closing of Non-Brokered Private Placement Pursuant to the Listed Issuer Exemption
Legend Power Systems Announces Closing of Non-Brokered Private Placement Pursuant to the Listed Issuer Exemption
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, announces it has closed a non-brokered private placement, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Exemption"), by issuing 12,685,113 units (each, a "Unit") at a price of $0.18 per Unit for aggregate gross proceeds of $2,283,320 (the "Offering"). The Company filed a Form 45-106F19 offering document (the "Offering Document") on July 18, 2023 related to the Offering, which may be accessed under Legend Power's profile at and on the Company's website at .
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年8月1日)-聯想電力系統公司(TSXV：LP)(OTCQB：LPSIF)(“傳奇力量“或”公司“)，商業電氣系統解決方案的全球領先者，宣佈已根據國家文書45-106-5A部分下的上市發行人融資豁免，完成了一項非經紀私募-招股章程的豁免(“終身免稅“)，發行12,685,113個單位(每個單位，一個”單位“)以每單位0.18美元的價格計算，總收益為2,283,320美元(供奉“)。本公司提交了一份45-106F19表格發售檔案(”產品文檔“)於2023年7月18日與此次發行有關，可在聯想電力的簡介下訪問，也可在公司網站上訪問。
Pursuant to the Offering, each Unit consisted of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one additional Common Share at $0.25 until July 31, 2025, subject to an accelerated expiry provision, whereby in the event the daily volume weighted average trading price of the Company's Shares on the TSX Venture Exchange, or such other stock exchange where the majority of the trading volume occurs (the "Exchange"), exceeds $0.40 for a period of 10 consecutive trading days, at the Company's election, the period within which the Warrants are exercisable, will be reduced and the holders of the Warrants will be entitled to exercise their Warrants for a period of 30 days commencing on the day the Company provides notice, any outstanding Warrants not exercised during the 30 day period will expire.
根據是次發售，每個單位由一股本公司股本中的普通股組成(每股普普通通 分享)及一份普通股認購權證(每份搜查令每份認股權證使持有人有權在2025年7月31日之前以0.25美元額外收購一股普通股，但須受加速到期條款的規限，根據該條款，如果公司股票在多倫多證券交易所創業板交易所或交易量最大的其他證券交易所的每日成交量加權平均交易價(交易所“)，在連續10個交易日內，超過0.40美元，則在本公司選擇時，可行使認股權證的期限將會縮短，而認股權證持有人將有權行使其認股權證30天，自本公司發出通知之日起，任何未行使的認股權證將於30天內屆滿。
The Company intends to use the net proceeds from the Offering for general working capital purposes, fixed operating expenses, purchase order deposits, development expense and other related expenses, as more specifically detailed in the Offering Document. The Units issued in the Offering are not subject to a hold period, subject to limitations prescribed by the LIFE exemption, securities issued to insiders and consultants of the Company are subject to a hold period expiring December 1, 2023, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws. Insiders of the Company participated in the Offering for $300,000. The issuance of Units to insiders is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization.
本公司擬將發售所得款項淨額用作一般營運資金用途、固定營運開支、採購訂單按金、開發費用及其他相關開支，詳情載於發售檔案。根據聯交所的規則及政策及適用的加拿大證券法，於發售中發行的單位不受持有期限制，但須受壽險豁免所規定的限制所規限，而向本公司內部人士及顧問發行的證券須受2023年12月1日屆滿的持有期所規限。該公司內部人士以30萬美元的價格參與了此次發行。向內部人士發行單位被視為多邊文書61-101所指的“關聯方交易”--特殊交易中少數股權持有人的保護(“米其林61-101本公司根據第5.5(A)條豁免遵守MI 61-101的正式估值規定，以及根據第5.7(1)(A)條豁免遵守MI 61-101的小股東批准規定，就涉及利害關係方的交易的公平市值不超過本公司市值的25%的有關內幕參與。
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
根據此次發行發行的證券沒有，也不會根據修訂後的1933年《美國證券法》進行註冊，在沒有美國註冊或美國註冊要求的適用豁免的情況下，不得在美國境內或向美國人或為美國人的賬戶或利益進行發行或銷售。本新聞稿不應構成出售要約或徵求購買要約，也不應在美國或任何其他司法管轄區出售任何此類要約、徵求或出售將是非法的證券。
About Legend Power Systems Inc.
關於Legend Power系統公司
Legend Power Systems Inc. () provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
聯想電力系統公司(Legend Power Systems Inc.)提供智慧能源管理平臺，分析和改進建築能源挑戰，顯著影響資產管理和公司業績。聯想電力久經考驗的解決方案支持在複雜多變的商業和能源環境中進行主動的行政決策。該專利和專利系統降低了總能耗和電力成本，同時還最大限度地延長了電氣設備的壽命。聯想電力的獨特解決方案也是企業可持續發展努力和實現公用事業能源效率目標的關鍵貢獻者。
For further information, please contact:
欲瞭解更多資訊，請聯繫：
Jonathan Lansky, Director
+1 416 417 7664
lansky.j@icloud.com
喬納森·蘭斯基，董事
+1 416 417 7664
郵箱：lansky.j@icLoud.com
Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com
肖恩·皮斯古德，投資者關系部
+1 647 503 1054
郵箱：sean@sophiccapal.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所和加拿大投資行業監管組織都不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statements
前瞻性陳述
This Press Release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the closing of the Offering, the use of proceeds from the Offering, the ability of the Company to obtain regulatory approval for the Offering, the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR+ at . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.
本新聞稿可能包含構成“前瞻性資訊”的陳述，包括有關公司、其董事或高級管理人員對結束髮售的計劃、意圖、信念和目前的期望、發售所得資金的使用、公司獲得監管機構批准發售的能力、公司未來的業務活動和經營業績。“可能”、“將”、“可能”、“將”、“打算”、“計劃”、“預期”、“相信”、“估計”、“預期”以及與公司或其管理層有關的類似表述旨在識別此類前瞻性陳述。請投資者注意，任何此類前瞻性陳述都不是對未來業務活動或業績的保證，涉及風險和不確定因素，由於各種因素，公司未來的業務活動可能與前瞻性陳述中的內容大不相同。這些風險、不確定因素和因素在提交給加拿大證券監管機構的定期檔案中有所描述，包括公司管理層的季度和年度討論與分析，可在SEDAR+at上查看。如果這些風險或不確定性中的一個或多個成為現實，或者前瞻性陳述所依據的假設被證明是不正確的，實際結果可能與本文中描述的預期、計劃、預期、相信、估計或預期的結果大不相同。儘管該公司試圖識別可能導致實際結果大不相同的重要風險、不確定因素和因素，但可能還有其他因素導致結果與預期、估計或預期的不同。除適用法律可能要求的情況外，公司不打算也不承擔任何義務更新這些前瞻性陳述。
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