February 25, 2011
CommunityLend Holdings Inc. ("CommunityLend") completed a private placement of 2,749,097 units at a price of $0.56 per unit for aggregate gross proceeds of approximately $1.5 million, with each unit being comprised of one (1) common share and one and one-quarter (1.25) class A preferred shares in the capital of CommunityLend. Wildlaw Capital Markets Inc. acted as agent in connection with the private placement.
CommunityLend is an online peer to peer lending community serving the borrowing needs of individuals through a network of private individual and institutional lenders.
Wildeboer Dellelce LLP acted for CommunityLend with a team that included Perry Dellelce, James Brown, Alexandra Laflamme and Ellen Phan.