Featured Transaction

ePals Corporation Closes $10M Brokered Private Placement

April 24, 2012

ePals Corporation (TSX-V: SLN) (“ePals” or the “Company”), an education media company and leading safe social learning network completed a best efforts private placement and issued 24,390,000 voting common shares of the Company at a purchase price of Cdn$0.41 per share for gross proceeds of Cdn$10,000,000 (the “Offering”). The Offering, which was closed in two tranches on April 19, 2012 and April 24, 2012, was conducted through a syndicate of agents led by Cormark Securities Inc. and including National Bank Financial Inc. and Canaccord Genuity Corp.

Wildeboer Dellelce LLP acted as counsel for ePals in connection with the Offering with a team that included Perry Dellelce, James Brown, Sanjeev Patel, Patrick Magee and Amanda Berloni.