ePals Corporation Completes $12 Million Bought Deal Private Placement

October 19, 2012

ePals Corporation (TSX-V: SLN) (“ePals”), an education media company and leading safe social learning network, completed a bought deal private placement of 6.5% senior secured convertible debentures for aggregate gross proceeds of $12 million (the “Offering”). The Offering was conducted through a syndicate of underwriters lead by Canaccord Genuity Corp. and including Cormark Securities Inc.

Wildeboer Dellelce LLP acted as counsel for ePals in connection with the Offering with a team that included Perry Dellelce, James Brown, Patrick Magee, Andrea Hill (corporate/securities) and James Padwick (debt products).