Spectra7 Microsystems Inc. completes C$5.4 million private placement offering

Date Closed: 6/19/2013

Value: C$5.4 million

On June 19, 2013, Spectra7 Microsystems Inc. (Spectra7) completed a private placement, issuing 9 million common shares of Spectra7 at a price of $0.60 per common share for gross proceeds of $5.4 million. The offering was led by Paradigm Capital Inc. and included Byron Capital Markets Ltd. (collectively the Agents).

Net proceeds from the offering will be used to continue building out Spectra7’s product portfolio, and for general corporate and working capital purposes.

The Agents were represented by BLG with a team consisting of Manoj Pundit, William Jones and Mark Lau.