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HIGH LEVEL DESIGN ANNOUNCES AGREEMENT

 SANTA CLARA, Calif., Oct. 27 /PRNewswire/ -- Further to the High Level Design Systems (Vancouver: HLD) news release issued Oct. 25, 1993, announcing a brokered private placement, the company announced that it has reached agreement with Haywood Securities Inc. on matters relating to the use of proceeds derived from the private placement and the nature of the finder's fee payable.
 The net proceeds of the private placement will be used for general corporate purposes and may be used, in whole or in part, to finance the acquisition from time to time of technologies, assets or companies that management believes will assist the company in meeting its business objectives or, alternatively, to accelerate internal development of related technologies in support of the company's product development strategy.
 Haywood Securities Inc., as Agent, will receive a finder's fee of 7.5 percent of the gross proceeds raised under this private placement, payable in cash upon closing of the private placement.
 -0- 10/27/93
 /CONTACT: Lori Groat, 408-748-3456/
 (HLD.)


CO: High Level Design Systems; Haywood Securities Inc. ST: California IN: SU:

JL -- LA063 -- 7637 10/27/93 22:21 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
Words:186
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