New Issue: TechnoConcepts raises $5.34 million from loan with warrants

By Sheri Kasprzak

New York, May 31 - TechnoConcepts Inc. has concluded a private placement of $5,337,535 in notes.

The 8% notes mature the earlier of one year or upon the completion of a subsequent $7 million equity financing or financings.

The investors received warrants for 5,337,535 shares, exercisable at $1.00 each for five years.

Based in Thousand Oaks, Calif., TechnoConcepts produces semiconductors.

Issuer:	TechnoConcepts Inc.
Issue:	Notes
Amount:	$5,337,535
Maturity:	The earlier of one year or upon the completion of a $7 million equity financing
Coupon:	8%
Price:	Par
Yield:	8%
Warrants:	For 5,337,535 shares
Warrant expiration:	Five years
Warrant strike price:	$1.00
Settlement date:	May 30
Stock symbol:	OTCBB: TCPS
Stock price:	$2.09 at close May 30

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