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Technology Stocks : Spectrum Signal Processing (SSPI)

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To: YourKing who wrote (4287)	1/19/2005 4:09:27 PM
From: Kirk ©	Read Replies (2) of 4400

More dilution. Too bad they can't do this with NRE rather than more shares. newswire.ca Spectrum Announces Engagement of Agents for Proposed Equity Offering of Approximately $9 Million /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ BURNABY, BC, Jan. 19 /CNW/ - Spectrum Signal Processing Inc., today announced that it has engaged GMP Securities, CIBC World Markets and Harris Partners Limited in connection with a proposed private placement of approximately $9 million of equity securities on a best efforts basis. "The proceeds of the proposed offering will be used for general working capital purposes and for certain growth initiatives that may include company or product line acquisitions." stated Brent Flichel, Spectrum's Chief Financial Officer. Closing of the proposed private placement is subject to certain customary conditions, including, but not limited to, the execution of a formal agency agreement and definitive subscription agreements and the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

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