News

OPEL Technologies Completes Further $1.24 Million Financing

September 10th, 2012

Shelton, CT and Toronto, ON, September 10, 2012 – OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL” or “the Company”) is pleased to announce that it, in response to high demand for its fully subscribed and completed $3,000,000 financing announced on September 10, 2012, it has completed a further financing resulting in proceeds of $1,234,870 through IBK Capital Corp. (“IBK”) as agent. The private placement offering consisted of 5,369,000 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 112,102,900 common shares issued and outstanding… Read the Full Press Release