Coastal Contacts reports plans to price public sale of common shares

Roth Capital Partners, Craig-Hallum Capital Group are underwriters

By Devika Patel

Knoxville, Tenn., March 25 - Coastal Contacts Inc. will price a public offering of common stock with a 30-day greenshoe option, according to a prospectus supplement filed Monday with the Securities and Exchange Commission.

Roth Capital Partners, LLC and Craig-Hallum Capital Group, LLC are the underwriters.

Proceeds will be used to accelerate the company's customer acquisition strategy, make capital expenditures and improve working capital to fund growth in new and existing distribution channels.

Based in Vancouver, B.C., Coastal Contacts is an online retailer of vision care products.

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