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SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - Sept. 14, 2012) - OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL" or "the Company") is pleased to announce that, 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. |
