Press release content from Business Wire. The AP news staff was not involved in its creation. Spectra7 Announces Private Placement (TSXV:SEV) Spectra7 Microsystems Inc. (“ Spectra7 ” or the “ Company ”), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, announces that it intends to sell, on a non-brokered private placement basis, in one or more tranches, up to 116,666,667 units (the “ Units ”) at a price of $0.03 per Unit for gross proceeds of up to $3,500,000 (the “ Private Placement ”). Each Unit will consist of one common share in the capital of the Company (each, a “ Common Share ”) and one-half of one common share purchase warrant (each whole warrant, a “