Legend Power Systems Announces Non-Brokered Private Placement Pursuant to The Listed Issuer Financing Exemption

Executive Summary

• Legend Power Systems Inc. announced a non‑brokered private placement of 11,111,111 to 14,186,000 units at CAD $0.12 per unit, targeting gross proceeds of CAD $1.33 M – $1.70 M.
• Each unit consists of one common share and one common‑share purchase warrant (exercise price CAD $0.12, 36‑month term). Finder’s warrants may be issued up to 3% of units with a cash commission of up to 5% on proceeds.
• Net proceeds are intended for operating expenses, material purchases and general working capital; the offering may close in multiple tranches, with the final closing no later than January 31 2026.

Key Details

• Units offered: Minimum 11,111,111 – Maximum 14,186,000 units.
• Price per unit: CAD $0.12.
• Aggregate gross proceeds: Minimum CAD $1,333,333 – Maximum CAD $1,702,320.
• Unit composition:
• 1 common share.
• 1 common‑share purchase warrant (exercise price CAD $0.12, exercisable for 36 months).
• Finder’s compensation:
• Cash commission up to 5.0% of total proceeds paid to eligible finders.
• Additional non‑transferable finder’s warrants equal to up to 3.0% of units issued to subscribers introduced by the finder (same exercise price and term as above).
• Statutory hold period for finder securities: 4 months + 1 day after issuance.
• Use of proceeds: Primarily for operating expenses, material purchases and general working capital (as detailed in the Offering Document).
• Closing schedule: Multiple tranches possible; final closing no later than 31 January 2026.
• Regulatory compliance: Offering relies on NI 45‑106 “LIFE” exemption; securities not registered under U.S. securities laws and may not be offered or sold in the United States.

Notable Quotes

(No executive quotes were included in the release.)