Bionik Laboratories successfully raises US$13.1 million in private placement transaction

Bionik Laboratories Corp. (OTCBB: BNKL), a medical device and robotics company with a core focus in robotic exoskeleton technology for users with mobility impairments ("Bionik" or the "Company"), announced today that it has completed an additional sale to qualified accredited investors of units consisting of its common stock and warrants for aggregate gross proceeds of approximately US$1.4 million in a private placement transaction. This equity financing is the sixth and final transaction in the capital raise initiated in February, 2015. With the closing of this final round, Bionik has successfully raised approximately US$13.1 million.

Bionik intends to use the proceeds from this financing for general corporate purposes including the costs associated with the development for its primary product The ARKE^™, a robotic lower body exoskeleton that offers paraplegics as well as other wheelchair users, the ability to rehabilitate through walking and other motion, and to implement the Company's strategy of becoming a premier medical device and robotics company.

Peter Bloch, CEO of Bionik, stated, "The close of this final round of our capital raise initiative is a significant milestone for the Company and allows us to advance our strategic plans with a healthy balance sheet. This successful financing along with our achievement earlier this year of becoming a publicly-traded company, enables us to access the capital markets, and importantly, makes it possible to rapidly advance our product development and growth strategy."

The securities sold in the financing have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from the registration requirements and certificates evidencing such shares contain a legend stating the same.

Highline Research Advisors through Merriman Capital and Garden State Securities acted as the Placement Agent for the transaction.

SOURCE Bionik Laboratories Corp.