Closes Offering of 3 Million Common Shares

VANCOUVER, British Columbia—Online eyewear provider, Coastal Contacts, Inc. (NASDAQ: COA) (TSX: COA) has closed its previously announced, underwritten public offering of 3 million common shares and the exercise, in part, of the over-allotment option to purchase an additional 447,100 common shares at a price of $6 per share for gross proceeds to the company of $20,682,600. Roth Capital Partners, LLC, and Craig-Hallum Capital Group LLC acted as joint book-runners for the offering.