January 11, 2018 / 4:39 PM / a year ago

BUZZ-Chipmaker Spectra7: Jumps on investment from Global Blockchain

** Chipmaker Spectra7 Microsystems surges as much as 35 pct in heavy volume after getting C$2 mln ($1.60 mln) investment from Global Blockchain Technologies

** Global Blockchain down 13.3 pct on news of investment that was made as part of Spectra7’s recently completed C$15.3 mln bought deal unit offering

** Global Blockchain invests in blockchain-related firms and on Wednesday said it invested $2 mln in Eastman Kodak’s recently announced “KODAKCoin”

** Spectra7 in Nov announced a new power-saving product line optimized for data centers running blockchain applications such as bitcoin mining

** Little more than 4 mln SEV shares traded, their busiest day in two years; Stock last up 10.6 pct, taking its gains so far this year to 26 pct vs a 24 pct drop last year

** BLOC soared over 1,000 pct last year after changing its name from Carrus Capital Corp in Oct, before which it was a thinly traded penny stock ($1 = 1.2526 Canadian dollars) (Reporting by Savio D’Souza)

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