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Published on 8/28/2009 in the Prospect News PIPE Daily.

New Issue: MediVac raises A$1 million through private placement of ordinary stock

By Devika Patel

Knoxville, Tenn., Aug. 28 - MediVac Ltd. said it completed a A$1 million private placement of shares.

The company sold 100 million ordinary shares at A$0.01 each.

Proceeds will be used for commercialization activities.

MediVac is a Northmead, Australia-based health care equipment company.

Issuer:MediVac Ltd.
Issue:Ordinary shares
Amount:A$1 million
Shares:100 million
Price:A$0.01
Warrants:No
Settlement date:Aug. 28
Stock symbol:Australia: MDV
Stock price:A$0.012 at close Aug. 28

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