FREMONT, CA--(Marketwire - December 12, 2007) - Cardima, Inc. (OTCBB: CADM), announces today that it has sold 18,000,000 shares of common stock at US$0.50 per share in a private placement transaction to accredited investors. In addition, the Company issued to the investors 2,700,000 warrants to purchase 2,700,000 shares of common stock at an exercise price of US$0.55 per share.
