11:22 AM EST - Spectra7 Microsystems Inc. : Provides an update in respect of its previously announced brokered private placement. The Company, in consultation with its agent Cormark Securities Inc. has determined that units of the Company will be offered at a price of $0.03 per Unit. The gross proceeds of the Private Placement is expected to be a minimum of $5.0 million, or approximately 167 million Units, and up to $6.6 million or 220 million Units. Spectra7 Microsystems Inc.
shares V.SEV are trading up $0.005 at $0.04.
