New Issue: CNS Response completes $1 million placement of convertibles due 2010

By Devika Patel

Knoxville, Tenn., June 18 - CNS Response Inc. settled a $1 million private placement of a secured convertible promissory note with John Pappajohn on June 12, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The note will mature on June 30, 2010.

Pappajohn also received warrants for 3,333,333 common shares, which are exercisable at $0.30 until June 30, 2016.

CNS Response is a Costa Mesa, Calif.-based drug company.

Issuer:	CNS Response Inc.
Issue:	Secured convertible promissory note
Amount:	$1 million
Maturity:	June 30, 2010
Price:	Par
Warrants:	For 3,333,333 shares
Warrant expiration:	June 30, 2016
Warrant strike price:	$0.30
Investor:	John Pappajohn
Settlement date:	June 12
Stock symbol:	OTCBB: CNSO
Stock price:	$0.40 at close June 12
Market capitalization:	$5.06 million

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