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Published on 7/11/2008 in the Prospect News PIPE Daily.

New Issue: HeartWare concludes A$31.1 million private placement of stock

By Devika Patel

Knoxville, Tenn., July 11 - HeartWare Ltd. said in an 8-K filed Friday with the Securities and Exchange Commission that it took in A$31.1 million from a private placement of shares.

The company sold 62.3 million ordinary shares.

Based in Sydney, Australia, HeartWare develops medical devices used to assist patients with congestive heart failure.

Issuer:HeartWare Ltd.
Issue:Ordinary shares
Amount:A$31.1 million
Shares:62.3 million
Warrants:No
Settlement date:July 11
Stock symbol:Australia: HTW
Stock price:A$0.43 at close July 11

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