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SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - Sept. 10, 2012) - OPEL Technologies Inc. (TSX VENTURE:OPL)(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. |
