RE: RE: RE: RE: That's 18.3 Million $0.35 Warrants I think this should help billic.
https://www.opelinc.com/news/wp-content/uploads/2012/09/NR-10Sept2012-FinalTranche.pdf
Shelton, CT and Toronto, ON, September 10, 2012 – OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL” or “the Company”) is pleased to announce that it has successfully completed the final tranche of its previously announced $3,000,000 financing through IBK Capital Corp. (“IBK”) as agent. The private placement offering consisted of 13,043,479 Units at a price of $0.23 per Unit. 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 securities issued pursuant to the private placement will be subject to a hold period which expires four months and one day following closing.
The final tranche amounted to the entire remaining $1,442,580 available under the offering. A cash commission equal to 7% of the funds raised and 10% of the units sold in the form of broker warrants were paid to the agent. Each broker warrant allows the holder to acquire one common share of OPEL at a price of $0.23 for 48 months.