TORONTO, ONTARIO--(Marketwire - July 28, 2008) - OccuLogix, Inc. (TSX: OC)(NASDAQ: OCCX) announced today that it has secured an additional bridge loan in an aggregate principal amount of U.S.$3,403,500 from a number of private parties (the “Additional Bridge Loan”). U.S.$2,893,500 of the principal amount of the Additional Bridge Loan will be advanced by certain of the investors who had agreed to purchase shares of the Company’s common stock in the proposed private placement of U.S.$5,076,500 of the Company’s common stock, first announced on May 20, 2008. The Company has agreed to reduce the dollar amounts of these investors’ respective commitments in the private placement by the principal amount of the Additional Bridge Loan that each of them will be advancing to the Company. OccuLogix now expects the gross aggregate proceeds of the private placement to be U.S.$2,173,000.
