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Cardima Secures $2 Million Financing; Initial Bridge Loan Satisfies All Outstanding Obligations To Agility Capital 16/8/2005

Blogs:   ::      ::      ::      ::      ::    [August 15, 200 Cardima Secures $2 Million Financing; Initial Bridge Loan Satisfies All Outstanding Obligations To Agility Capital FREMONT, Calif. --(Business Wire)-- Aug. 15, 2005 -- Cardima, Inc. (OTC: CRDM), developer of the REVELATION(R) Tx, REVELATION(R) T-Flex and REVELATION(R) Helix microcatheter systems for the treatment of atrial fibrillation (AF), entered into a Loan Facility Term Sheet with Apix International Limited ("Apix") pursuant to which Cardima expects to receive up to $2 million in new financing. In accordance with the Term Sheet, which was executed on August 12, 2005, Cardima received an initial $500,000 in bridge financing. A portion of the proceeds of the bridge financing were used to retire the Company's outstanding secured loan agreement with Agility Capital, LLC ("A

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