June 17 (Reuters) - Spectra7 Microsystems Inc SEV.TO :
* SPECTRA7 MICROSYSTEMS INC. ANNOUNCES UP TO $7.0 MILLION PUBLIC OFFERING AND PRIVATE PLACEMENT
* SPECTRA7 MICROSYSTEMS-DEAL WITH HAYWOOD SECURITIES IN CONNECTION TO BEST EFFORTS PROSPECTUS OFFERING OF UPTO 60 MILLION UNITS OF CO AT PRICE OF $0.05/UNIT