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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) September 11, 1996
TECHNICLONE INTERNATIONAL CORPORATION
(Exact name of Registrant as specified in its charter)
California 0-17085 95-3698422
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No)
14282 Franklin Avenue, Tustin, California 92780
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 838-0500
Not Applicable
(Former name or former address, if changed since last report)
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Exhibit Index on Page 4
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ITEM 5. OTHER EVENTS
On September 11, 1996, the Company entered into a Purchase Agreement
for Real Property and Escrow Instructions dated as of September 11, 1996 with
TR KOLL TUSTIN TECH CORP. ("Koll"). Under the terms of the agreement, the
Company agreed to purchase from Koll land and a building located at 14272
Franklin Avenue, Tustin, California 92780 for the purchase price of $1,524,663.
This 24,201 square foot building is adjacent to the Company's existing building
which was purchased in April 1996. The building to be purchased is partially
occupied by tenants under the terms of leasing arrangements and the balance of
the building, consisting of approximately 5,000 square feet, will be occupied by
the Company over the next six months to support expanded in-house research and
development operations. The Company retains the option to terminate the tenant
leases at the end of a two year period if needed to expand its antibody
production capabilities. The Company expects to make a down payment of
approximately $500,000 towards the building purchase and to finance the balance
under the terms of a mortgage loan currently being negotiated. The closing of
the transaction is expected to take place on or before October 15, 1996.
ITEM 7. EXHIBITS
EXHIBIT NO. DESCRIPTION
10.1 Purchase Agreement for Real Property and Escrow Instructions
dated as of September 11, 1996 by and between TR Koll Tustin Tech
Corp., an Illinois corporation, and Registrant.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TECHNICLONE INTERNATIONAL
CORPORATION
Date: September 11, 1996 By: /s/ R.C. SHEPARD
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R.C. Shepard
Assistant Secretary
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EXHIBIT INDEX
SEQUENTIAL
EXHIBIT NO. DESCRIPTION PAGE NO.
- ----------- ----------- ----------
10.1 Purchase Agreement for Real Property 5
and Escrow Instructions dated as of
September 11, 1996 by and between
TR Koll Tustin Tech Corp., an Illinois
corporation, and Registrant.
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