Tuesday 20 March 2012

Institutional Investors-Share Purchase Warrants-Equivalent Number-Warrant Exercise

TearLab Announces Warrant Exercise by Institutional Investors

SAN DIEGO, March 19, 2012 (GLOBE NEWSWIRE) -- TearLab Corporation (Nasdaq:TEAR) (TSX:TLB) ("TearLab" or the "Company") announced today that 1,373,700 share purchase warrants issued in connection with the Company's June 2011 private placement financing have been exercised by certain institutional investors into an equivalent number of common shares of the Company for total gross proceeds of approximately $2,555,000. Approximately 2,472,454 share purchase warrants issued in connection with the June 2011 financing remain outstanding. (Source: Medical News (via PRIMEZONE)) read more..

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