Leis Industries Limited
TSX VENTURE : LES

September 05, 2014 13:31 ET

Leis Industries Limited: Termination of Letter of Intent

ST. ALBERT, ALBERTA--(Marketwired - Sept. 5, 2014) - Leis Industries Limited (TSX VENTURE:LES) (the "Company") announced that it has terminated the letter of intent to acquire Kraken Sonar Systems Inc., as was described in a News Release dated June 11, 2014. The deposit was returned and received by the Company on August 28, 2014. Trading in the common shares of the Company on the TSX Venture Exchange shall resume on September 9, 2014.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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