OPEL International Inc.

OPEL International Inc.

December 05, 2007 09:00 ET

OPEL International Prices Private Placement

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2007) -


OPEL International Inc. (TSX VENTURE:OPL), a leading global developer and supplier of concentrating photovoltaic panels, today announced that it has priced its previously announced brokered private placement of up to $25 million. Pursuant to the offering, the Company will issue and sell, on a best efforts basis, up to 16,666,667 units at an issue price of $1.50 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant of the Company, with each whole common share purchase warrant being exercisable to acquire one common share of the Company at an exercise price of $1.90 per share for a period of two years following the closing of the offering.

The offering will be conducted through a syndicate of agents led by Raymond James Ltd. and including Clarus Securities Inc., Canaccord Adams Inc. and IBK Capital Corp. The closing of the offering is expected to occur on or about December 13, 2007.

The offering is subject to regulatory approvals including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to applicable statutory, exchange and regulatory hold periods.

About OPEL

OPEL International Inc. designs, manufactures and markets innovative, state-of-the-art solar technology products designed to convert solar energy into electricity - at the least possible cost and greatest efficiency. A public company, OPEL trades on the TSX Venture Exchange. For more information about OPEL, please visit the company's website at www.opelinc.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of OPEL in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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