OPEL Technologies (TSXV:OPL) (OTCQX:OPELF) Private Placement Oversubscribed - Video Summary on www.investmentpitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 20, 2013 - OPEL Technologies (TSXV:OPL)
(OTCQX:OPELF) has successfully completed a $7.2 million private placement, with
IPK Capital acting as agent for the financing.
The financing, which was oversubscribed from the previously announced $5.5
million, consisted of 14.4 million units at a price of $0.50 per unit. Each unit
consisted of 1 common share and 1 common share purchase warrant, with the
warrant exercisable at $0.75 for a 2 year period.
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of OPEL Technologies. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "OPEL" in the search box.
Pinetree Capital (TSX:PNP), a diversified investment and venture capital firm,
subscribed to 1.5 million units. As a result of this transaction, Pinetree now
owns approximately 5.5 million common shares, and another 5 million of
convertible securities.
OPEL Technologies is the developer of next-generation Gallium Arsenide
semiconductor device technology called POET, which stands for Planar Opto-
Electronic Technology.
Dr. Geoffrey Taylor has been developing POET for over 20 years and conducts his
research at the University of Connecticut. Since 2001, OPEL has received in
total over $14 million in government grant funding for the development of POET.
POET allows for the integration of optics and electronics on a single chip. This
technology immediately addresses the requirements of numerous military
development and procurement programs for sensors, communications and computing.
POET has the potential to become a disruptive technology within numerous major
commercial markets by overcoming the physical size and energy consumption
limitations of silicon CMOS semiconductors in a highly economical manner. A
functional POET device may reduce the power consumption of laptops, tablets,
smartphones, servers, and/or other electronic devices by 80%.
For more information please visit the company's website www.opelinc.com or call
Patricia Agudow at 203-612-2366 extension 2612 or email p.agudow(at)opelinc.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on significant news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 20.02.2013 - 16:31 Uhr
Sprache: Deutsch
News-ID 231513
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