ePals Completes Private Placement of Senior Secured Convertible Debentures

May 31, 2013

ePals Corporation (TSXV:SLN) (“ePals” or the “Company”) an education media company and leading safe social learning network, completed the final tranche of its previously announced non-brokered private placement of 10% senior secured convertible debentures (the “Debentures”), issuing Debentures in a principal amount of $1,250,000 to Difference Capital Funding Inc. Pursuant to the private placement, ePals issued Debentures in an aggregate principal amount of $7,750,000.

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).