VANCOUVER, B.C., June 1, 2009 (GLOBE NEWSWIRE) -- biOasis Technologies Inc. (TSX-V:BTI) is pleased to announce that it has closed the private placement announced April 16, 2009. The Company has issued a total of 1,000,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of $500,000. Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share for a period of one year at a price of $0.60 per share. All securities issued are subject to a hold period expiring September 30, 2009. The proceeds of the financing will be used to fund further research projects and provide working capital.
