December 13, 2007
December 13, 2007 - OPEL International Inc. (TSXV: OPL) completed a private placement of up to 16,666,667 units at an issue price of $1.50 per unit for aggregate gross proceeds of up to $25,000,000. Each Unit is comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $1.90 per share for two years. A syndicate of agents led by Raymond James Ltd. and including Clarus Securities Inc., Canaccord Capital Corporation and IBK Capital Corp.acted in connection with the offering. Wildeboer Dellelce LLP acted for the agents with a team that included Derek Sigel, Lisa Cunningham and Daryl Holyday (corporate/securities).