Spectra7 Microsystems Inc.

Spectra7 Microsystems Inc.

September 25, 2014 08:00 ET

Spectra7 Amends Loan Agreement

TORONTO, ONTARIO--(Marketwired - Sept. 25, 2014) - Spectra7 Microsystems Inc. (TSX VENTURE:SEV) ("Spectra7" or the "Company"), a high performance interconnect company delivering unprecedented bandwidth, speed, and resolution to enable new classes of industrial design for market-leading consumer electronics, today announced that it has amended the terms of its previously announced loan agreement between the Company and a schedule III bank (the "Lender") made as of February 5, 2013, as amended (the "Loan Amendment"). Pursuant to the terms of the Loan Amendment, the Lender was granted warrants (the "Bonus Warrants") to purchase 48,990 common shares of the Company at a price of $0.40825 per share exercisable at any time up to August 5, 2016. The Bonus Warrants are subject to a hold period expiring on January 24, 2015. The issuance of the Bonus Warrants is subject to the acceptance of the TSX Venture Exchange.


Spectra7 Microsystems Inc. is a high performance analog semiconductor company delivering unprecedented speed, resolution and signal fidelity that enables ultra-light, high-speed, micro-thin interconnects which enable new classes of industrial design for market-leading consumer electronic products including Ultra-HD 4K Displays and Televisions, Virtual Reality, Wearable Computing and Tablets. Spectra7 is headquartered in Markham, Ontario with development centers in Silicon Valley, California and Cork, Ireland. For more information, please visit www.spectra7.com.

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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