WorldHeart Common Shares Continue to be Listed on the NASDAQ Capital Market
OAKLAND, Calif., June 12 /PRNewswire-FirstCall/ -- (Nasdaq: WHRT, TSX: WHT) -- World Heart Corporation (the "Company") announced today that the Company has determined to voluntarily delist its common shares from the Toronto Stock Exchange. The Company's business moved primarily to the United States in 2005 and approximately 80% of the stock trades occur on the NASDAQ Capital Market. The common shares will be delisted from the Toronto Stock Exchange at the end of the day on Friday, June 13, 2008.
The Company's common shares continue to be listed on the NASDAQ Capital Market.
About World Heart Corporation
WorldHeart is a developer of mechanical circulatory support systems. The Company is headquartered in Oakland, California, USA with additional facilities in Salt Lake City, Utah and Herkenbosch, Netherlands. WorldHeart's registered office is Ottawa, Ontario, Canada.
Any forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995 and include any statements regarding the Company's ability to regain
compliance with the NASDAQ Capital Market listing requirements, as well as
other statements that can be identified by the use of forward-looking
language, such as "believes," "feels," "expects," "may," "will," "should,"
"seeks," "plans," "anticipates," or "intends" or the negative of those
terms, or by discussions of strategy or intentions. Investors are cautioned
that all forward-looking statements involve risk and uncertainties,
including without limitation: the Company's immediate need for additional
capital, risks in product development and market acceptance of and demand
for the Company's products; delisting from the NASDAQ Stock Market if
compliance with the listing standards, including the Minimum Bid Price Rule
and other minimum standards, is not regained; and other risk
|SOURCE World Heart Corporation|
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