New Issue: Liquidmetal Technologies raises $3.63 million in notes sale

By Sheri Kasprzak

New York, May 22 - Liquidmetal Technologies, Inc. concluded a $3,625,000 private placement of 8% unsecured subordinated notes.

The notes mature on Aug. 17, 2007. The notes are not convertible.

The investors received warrants for 705,232 shares, exercisable at $2.58 each through May 17, 2011.

Indigo Securities, LLC was the placement agent.

Headquartered in Lake Forest, Calif., Liquidmetal makes industrial coatings from amorphous alloys.

Issuer:	Liquidmetal Technologies, Inc.
Issue:	Unsecured subordinated notes
Amount:	$3,625,000
Maturity:	Aug. 17, 2007
Coupon:	8%
Price:	Par
Yield:	8%
Warrants:	For 705,232 shares
Warrant expiration:	May 17, 2011
Warrant strike price:	$2.58
Placement agent:	Indigo Securities, LLC
Settlement date:	May 17
Stock symbol:	OTCBB: LQMT
Stock price:	$1.91 at close May 17

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