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Published on 12/11/2006 in the Prospect News PIPE Daily.

New Issue: Nano-Proprietary closes $2.39 million private placement

By Sheri Kasprzak

New York, Dec. 11 - Nano-Proprietary, Inc. completed a private placement for $2.393 million.

The company sold 2,263,488 shares from Nov. 2 through Dec. 11 to a group of accredited investors. The exact price per share could not be determined Monday.

The offering was not brokered.

Based in Austin, Texas, Nano-Proprietary develops technologies used in field emission technology, sensors and nanomaterials.

Issuer:Nano-Proprietary, Inc.
Issue:Stock
Amount:$2.393 million
Shares:2,263,488
Warrants:No
Placement agent:Non-brokered
Settlement date:Dec. 11
Stock symbol:OTCBB: NNPP
Stock price:$1.61 at close Dec. 11

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