Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?

To: YourKing who wrote (4287)	1/17/2005 12:18:09 PM
From: Eva	Respond to of 4400

Sure hope this pushes up the share price, I am getting tired of holding it.

To: YourKing who wrote (4287)	1/19/2005 4:09:27 PM
From: Kirk ©	Read Replies (2) \| Respond to 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.