News

OPEL Technologies Completes the Final Tranche in 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 has successfully completed the final tranche of its previously announced $3,000,000 financing through IBK Capital Corp. (“IBK”) as agent. The private placement offering consisted of 13,043,479 Units at a price of $0.23 per Unit. 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. The securities issued pursuant to the private placement will be subject to a hold period which expires four months and one day following closing… Read the Full Press Release