HIGH LEVEL DESIGN SYSTEMS ANNOUNCES AGREEMENT WITH HAYWOOD SECURITIES INC.
SANTA CLARA, Calif., Oct. 25 /PRNewswire/ -- High Level Design Systems (HLD) is pleased to announce that it has reached an agreement with Haywood Securities Inc. for a brokered private placement consisting of a minimum of 750,000 Units and a maximum of 1,250,000 Units. Each Unit comprises 1 share and 1/2 non-transferable warrant and each full warrant will entitle the holder to purchase an additional share at $2.50 (Cdn) within six (6) months of the close of the placement. The shares and warrants forming part of this placement are to be issued in reliance upon Regulation S, promulgated under the U.S. Securities Act of 1933. -0- 10/25/93 /CONTACT: Lori K. Groat, 408-748-3456/ (HLD.)
CO: High Level Design Systems; Haywood Securities Inc. ST: California IN: SU:
LM-xx -- LA054 -- 6636 10/25/93 20:59 EDT