Toronto, ON and Storrs, CT, February 15, 2013 – OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL” or “the Company”) is pleased to announce that it has successfully completed a $7.2 million private placement which was oversubscribed from the previously announced $5.5 million. The financing consisted of 14,400,000 Units at a price of C$0.50 per unit. Each unit comprises one common share and one common share purchase warrant. One full warrant allows the holder to acquire one common share of OPEL at an exercise price of C$0.75 per share until February 14th, 2015. The private placement was conditionally accepted by the TSX Venture Exchange. The securities issued pursuant to the private placement will be subject to a hold period which expires on June 15, 2013… Read the Full Press Release
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