Bi-Optic Ventures Inc. (TSXV:OP.H) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on October 29, 2014. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of CAD 0.15 per share at any time prior to the date that is 12 months from the date of issuance.

The warrants will have an accelerated exercise provision as follows, during the period commencing on the date that is four months following the closing date and ending on the expiry date of the warrants, the daily volume weighted average trading price of the company's common shares on the exchange exceeds CAD 0.30 for each day of a period of 10 consecutive trading days and the company gives the holders of the warrants written notice of such occurrence within 30 days of such occurrence, in which case the warrants will expire on the 30th day following the giving of such notice. Finder's fees may be payable in connection with the transaction as permitted under the policies of the exchange.