OPEL Technologies Inc. Announces Capital Raise

January 21st, 2013

Toronto, ON and Storrs, CT, January 21, 2013 – OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL”) has announced a financing with IBK Capital Corp. (“IBK”) whereby IBK will act as agent, on a best efforts basis, to conduct a private placement offering of up to 11,000,000 Units at a price of C$0.50 per unit for proceeds of up to C$5,500,000. 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 two years at an exercise price of C$0.75 per share. The private placement is conditionally upon acceptance by the TSX Venture Exchange. 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

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