Shares of World Heart Corp. have fallen more than 79 per cent in two trading days on the Toronto Stock Exchange after it warned new financing is in trouble and it could face bankruptcy proceedings. The former Ottawa company, now operating in California, is trying to develop new heart pump technology. WorldHeart said current funding will last to the end of this month. The TSE gave WorldHeart 30 days to lift the stock price of 11 cents or risk losing the listing.
Wednesday, May 14, 2008
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