Sept 1 (Reuters) - ViXS Systems Inc VXS.TO
* Announces proposed private placements of convertible debentures and units; preliminary financial results for Q2 FY2017
* Sees Q2 2017 revenue about $7.5 million to $8.0 million
* Private placements consist of secured subordinated convertible debentures up to c$4.2 million
* Sees gross margin for Q2 of fiscal 2017 of about 30-32 percent
* Sees IFRS comprehensive loss for Q2 of fiscal 2017 of about $2.6-$3.0 million
* Private placements consist of units up to c$3.6 million
* Q2 revenue view $7.3 million -- Thomson Reuters I/B/E/S Source text for Eikon: ID:nMKW9cwPna Further company coverage: VXS.TO