Bi-Optic Ventures Inc. (TSXV:OP.H) announced a non-brokered private placement of 3,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 150,000 on December 31, 2015. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire an additional common share at a price of CAD 0.10 per share for a period of six months, subject to acceleration in the event the company's common shares trade at a price of CAD 0.15 or higher. The securities issued in the transaction are subject to a four month and one day statutory hold period.

The transaction is subject to the approval of Canadian Securities Exchange.