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FFRMF Future Farm Technologies Inc (CE)

0.000001
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Future Farm Technologies Inc (CE) USOTC:FFRMF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Current Report Filing (8-k)

31/10/2014 10:01am

Edgar (US Regulatory)


UNITED STATES SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of Earliest Event Reported): October 29, 2014



BI-OPTIC VENTURES, INC.

(Exact Name of Registrant as Specified in its Charter)



British Columbia, Canada

000-49685

N/A

(State or other jurisdiction of incorporation)

(Commission File  Number)

(IRS Employer Identification No.)


1030 West Georgia St, #1518

Vancouver, British Columbia, Canada

 

V6E 2Y3

(Address of principal executive offices)

 

(Zip Code)



Registrant's telephone number, including area code: (604) 689-2646


____________________________________________________

(Former Name or Former Address if Changed Since Last Report)



Check the appropriate box below if the Form 8-K fining is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))













1




Item 8.01 – Other Information


Bi-Optic Ventures Inc. (the "Company") listed on NEX – TSX Venture Exchange (the “Exchange”), wishes to announce that it has negotiated a non-brokered private placement of units for up to $500,000 in gross proceeds.  The financing will consist of up to 10,000,000 units (the “Units”) at a price of $0.05 per Unit.  Each Unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant (the “Warrants”).  Each Warrant forming a part of the Units will entitle the holder thereof to acquire one additional common share of the Company at a price of $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: (i) 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 (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.30 for each day of a period of 10 consecutive trading days, and (ii) 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 at 4:00 pm (Pacific Standard Time) on the 30th day following the giving of such notice.


The news release is attached as exhibit 99.1, and is incorporated herein by reference.


Item 9.01.  Financial Statements and Exhibits.


(d) Exhibits


Exhibit 99.1 - News release, October 29, 2014





2





SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: October 30, 2014      Bi-Optic Ventures Inc.                        

                                                     (Registrant)


            Harry Chew

/s/                                                                                                 

(Signature)

(Harry Chew, President/CEO/CFO/Director)







3






Exhibit 99.1


BI-OPTIC VENTURES INC.


October 29, 2014

Trading Symbol:  TSXV – OP.H

OTC - BOVKF


NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES


NON-BROKERED PRIVATE PLACEMENT


Bi-Optic Ventures Inc. (the "Company") listed on NEX – TSX Venture Exchange (the “Exchange”), wishes to announce that it has negotiated a non-brokered private placement of units for up to $500,000 in gross proceeds.  The financing will consist of up to 10,000,000 units (the “Units”) at a price of $0.05 per Unit.  Each Unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant (the “Warrants”).  Each Warrant forming a part of the Units will entitle the holder thereof to acquire one additional common share of the Company at a price of $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: (i) 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 (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.30 for each day of a period of 10 consecutive trading days, and (ii) 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 at 4:00 pm (Pacific Standard Time) on the 30th day following the giving of such notice.


Net proceeds from the financing will be utilized to explore possible acquisitions and for general working capital purposes.  Finders fees may be payable in connection with the financing as permitted under the policies of the Exchange.



For further information, please contact:


Harry Chew, President

Phone: (604) 689-2646


ON BEHALF OF THE BOARD OF DIRECTORS


“Harry Chew”                                                  

Harry Chew

President


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Bi-Optic undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Bi-Optic.






Suite #1518-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3

Phone (604) 689-2646 Fax (604) 689-1289


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