OPEL Solar International Grants Incentives Stock options

March 3rd, 2011

Shelton, CT and Toronto, ON, March 3, 2010 – OPEL Solar International Inc. (TSX-V: OPL) (“OPEL” or “the Company”), a leading global supplier of high concentration photovoltaic (“HCPV”) solar panels and other solar products, including ground-based and rooftop tracker systems, today announced the grant of additional incentive stock options under its stock option plan to certain directors, officers, and key consultants of the Company to purchase up to an aggregate of 750,000 common shares, representing 0.86% of the outstanding voting shares of the Company. Options granted to the Company’s officers represent 56.7% of the total grants, and options to the independent members of the Board of Directors of the Company represent 26.7% of the total grants. The remaining options were granted to key consultants. The stock options are exercisable at a price of CA$0.76 per share expiring February 28, 2020. The exercise price is closing market price of today, being the next full trading day following yesterday’s resumption of trading after issuing the press release announcing the ODIS Intellectual Property Valuation. There are currently 11,562,500 options outstanding and 86,940,514 voting shares outstanding. Read more…
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