Edleun Inc. Completes $40.7 Million Private Placement

Edleun, Inc. completed a private placement of 67,225,000 subscription receipts, at a price of $0.50 per subscription receipt, for total gross proceeds of $33,612,500. Macquarie Capital Markets Canada Ltd. and National Bank Financial Inc. acted as agents in respect of the offering and Vision Capital Corporation acted as a selling group member. Edleun later issued further subscription receipts for additional gross proceeds of $7,130,000, bringing the total amount raised pursuant to the offerings to $40,742,500.

The proceeds of the offerings were held in escrow pending the satisfaction of certain conditions precedent. Upon satisfaction of those conditions precedent on May 14, 2010, each subscription receipt was automatically exercised and ultimately entitled the holder thereof to acquire one common share of San Anton Capital Inc. (now named Edleun Group, Inc.), a public company listed on the TSX Venture Exchange.

Edleun’s goal is to become the leading educational and child care provider in Canada. The objectives of Edleun include the acquisition and improvement of existing child care centres and development of new child care centres across Canada.

Wildeboer Dellelce LLP acted for the agents in connection with the initial offering of subscription receipts with a team that included James Brown, Al Wiens, Patrick Magee and Rebecca Ma.