Cassels Brock Acts for the Underwriters in ePals Corporation's $10 Million Private Placement

Published: 05/15/2012

By Gregory Hogan, Carolyn L. Stroz, Nicole Washington

ePals Corporation, a TSX Venture listed company that provides safe social learning networks for the K-12 market, completed a private placement, which closed in tranches on April 19, 2012 and April 24, 2012, of an aggregate of 24,390,000 voting common shares at a price of Cdn$0.41 per share for gross proceeds of approximately Cdn$10 million.

The Offering was conducted through a syndicate of agents led by Cormark Securities Inc. (“Cormark”) and included National Bank Financial Inc. and Canaccord Genuity Corp. (collectively, the “Agents”) 

Cassels Brock represented the agents with a team team that included Gregory Hogan (Securities), Nicole Washington (Securities) and Carolyn Stroz (Student).