Wayland Group announced that Wayland has now received the previously announced $5 million bridge loan from Cryptologic, which has been advanced in connection with the proposed sale of Wayland’s Canadian business to Cryptologic. This bridge loan will allow Wayland to continue the build out of Wayland’s EU-GMP certified facility in Langton, Ontario and to satisfy certain of the company’s existing liabilities. The bridge loan is subordinate to Wayland’s existing secured convertible debentures, and Cryptologic will hold second-lien security over the assets to be purchased by Cryptologic in the proposed transaction.