TearLab (TEAR) Announces 1.37M Warrant Exercise

TearLab Corporation (Nasdaq: TEAR) reports 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.

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