Transactions

Transactions

Overview

ePals Corporation Completes Initial Tranche of Private Placement

March 20, 2013

ePals Corporation (TSX-V: SLN) (“ePals”), an education media company and leading safe social learning network, completed the first tranche of a non-brokered private placement of 10% senior secured convertible debentures (the “Offering”). Debentures in the aggregate principal amount of $3,000,000 were issued on the first tranche closing and additional closings are anticipated. ePals has commitments from investors for the purchase of further debentures in an aggregate principal amount of $4,500,000 pursuant to the Offering.

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).