OPEL Technologies Completes Third Tranche Financing and will showcase POET at upcoming AGM

August 1st, 2012

Shelton, CT and Toronto, ON, August 1, 2012 – OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL” or “the Company”) previously 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 13,043,478 Units at a price of $0.23 per unit for gross proceeds of up to $3,000,000. 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 three years at an exercise price of $0.35 per share. 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 four months and one day following closing… Read the Full Press Release

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