UROPLASTY INC
8-K, 1998-06-19
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
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                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549


                                Form 8-K


                              CURRENT REPORT

                  Pursuant to Section 13 or 15(d) of
                  The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) June 18, 1998


                            Uroplasty, Inc.
            (Exact name of registrant as specified in its charter)


Minnesota                    000-20989            41-1719250
(State or other juris-	  	   (Commission File   		(IRS Employer
diction of incorporation)	   Number)              Identification No.)

2718 Summer Street N.E., Minneapolis, Minnesota   55413
(Address of principal executive offices)          (Zip Code)

Registrant`s telephone number, including area code:	(612) 378-1180

Not applicable
(Former name or former address, if changed since last report)




Item 5.    Other Events.

   
UROPLASTY, INC. ANNOUNCES CONCLUSION OF PRIVATE PLACEMENT



Thursday, June 18, 1998

Uroplasty, Inc., Minneapolis, Minnesota, announced today that it had 
completed a private placement of its common stock raising approximately 
$4,000,000 in gross proceeds.

The securities were sold pursuant to an exemption from registration and 
contain certain registration rights.

This announcement shall not constitute an offer to sell or the solicitation 
of an offer to buy nor shall there be any sale of these securities in any 
State in which such offer, solicitation or sale would be unlawful prior to 
registration or qualification under the securities laws of any such State.

 

                                 SIGNATURES

   Pursuant to the requirements of the Securities Exchange Act of 
1934, the Registrant has duly caused this report to be signed on its behalf 
by the undersigned thereunto duly authorized.

UROPLASTY, INC.

Dated: June 18, 1998                     By: /s/ Daniel G. Holman             
                                          Daniel G. Holman, President, CEO




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