Exchange Bulletin

Spectra7 Microsystems Inc. (SEV.WT) To Trade On Toronto Stock Exchange


April 8, 2014

SPECTRA7 MICROSYSTEMS INC. ("SEV") ("SEV.WT")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: April 7, 2014
TSX Venture Tier 2 Company

Prospectus

Effective April 4, 2014 the Company's Short Form Prospectus (the "Prospectus) dated March 24, 2014 was filed with and accepted by TSX Venture Exchange (the "Exchange") The Prospectus was filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador and Ontario Securities Commissions on March 24, 2014, pursuant to the provisions of the respective Securities Acts.

TSX Venture Exchange Inc. has been advised that closing occurred on March 28, 2014 for gross proceeds of $7,000,000, on the following terms:

Agents: Canaccord Genuity Corp., Global Maxfin Capital Inc., Mackie Research Capital Corporation and PI Financial Corp.

Offering: 23,333,333 units ("Units"). Each Unit consisting of one common share and one common share purchase warrant (no Units exercised to this date pursuant to the Agent's Over-Allotment Option. The Exchange will issue a supplemental bulletin if any exercise of the Over-Allotment Option occurs).

Unit Price: $0.30 per Unit

Warrant Exercise Price/Term: Each whole warrant ("Warrant") entitles the holder to acquire one additional common share of the Company at a price of $0.45 for a period of one year.

Agents' Fee: A cash fee of 6% of the gross proceeds plus 1,866,666 broker warrants ("Broker Warrants") pursuant to the agency agreement between the Company and the Agents has been paid to the Agents. Each Broker's Warrant is exercisable into one Unit at a price of $0.30 for a period of one year.

Over-Allotment Option: The Agent may over-allot the shares in connection with this offering and the Company has granted to the Agent an option to arrange for the sale of up to an additional 15% of that number of Units sold pursuant to the offering, at any time up to 30 days after the closing of the offering. The above noted Agents' Fees are also applicable to the Over-Allotment Option.

New Listing of Warrants

Effective at the opening, Tuesday, April 8, 2014, the warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Semiconductor and Other Electronic Component Manufacturing' company.

Corporate Jurisdiction: Canada

Capitalization: 25,199,999 warrants with no par value of which
23,333,333 are issued and outstanding

Transfer Agent: Olympia Trust Company
Trading Symbol: SEV.WT
CUSIP Number: 84761T117

The Warrants were issued pursuant to a Prospectus offering of 23,333,333 units at $0.30 per Unit with 23,333,333 warrants. Each Warrant entitles the holder to purchase one common share at a price of $0.30 per common share and will expire on March 28, 2015.
An additional 1,866,666 Broker Warrants were issued pursuant to the Company's Prospectus offering. None of the Broker Warrants have been exercised. Upon exercise of the Broker Warrants, the underlying warrants comprising the units shall be listed for trading. See above for information regarding the Broker Warrants from the Offering.