News

OPEL Technologies Closes a New $1.15 Million Financing

September 28th, 2012

Shelton, CT and Toronto, ON, September 28, 2012 – OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL” or “the Company”) is pleased to announce that it has completed a further financing which resulted in proceeds of $1,150,000 through IBK Capital Corp. (“IBK”) as agent. 5,000,000 units were price protected as of Sept 18, 2012 in response to continued high demand for the Company’s financings announced September 10, 2012 and September 14, 2012. The private placement offering consisted of 5,000,000 units at a price of $0.23. Each unit consists of one common share and one common share purchase warrant. One full warrant allows the holder to acquire one common share of OPEL for a period of three years at an exercise price of $0.35 per share. There are currently 117,106,650 common shares issued and outstanding after the financing… Read the Full Press Release