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Element Financial Corporation announces receipt for final prospectus for the qualification of common shares underlying previously issued special warrants
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Element Fleet Management Corporation
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION\n OF U.S. SECURITIES LAW./\n\n\nTORONTO, Aug. 14, 2013 /CNW/ - Element Financial Corporation (TSX:EFN)\n (\"Element\" or \"the Company\"), one of North America's leading\n independent equipment finance companies, today announced that it has\n obtained a receipt from the Ontario Securities Commission for its final\n short form prospectus (the \"Prospectus\") filed in each of the Provinces\n of Canada. The Prospectus qualifies the distribution of 29,612,500\n common shares of the Company (the \"Common Shares\") issuable upon the\n deemed exercise of 29,612,500 special warrants (the \"Special Warrants\")\n previously issued by the Company. The Special Warrants were issued on a\n private placement basis on June 18, 2013 pursuant to the terms of a\n special warrant indenture, which entitles the holder of each Special\n Warrant to receive, upon exercise or deemed exercise thereof, for no\n additional consideration, one Common Share.\n\n\nThe Special Warrants will be deemed to be exercised on August 14, 2013.\n Purchasers of Special Warrants should check with their broker to ensure\n the underlying Common Shares have been properly credited to their\n account (other than those to be issued to U.S. purchasers who will\n receive definitive certificates). Following the exercise of the Special\n Warrants, Element will have 155,328,441 Common Shares issued and\n outstanding.\n\n\nA copy of the Prospectus and Receipt are available on SEDAR under the\n Company's profile at www.sedar.com.\n\n\nAbout Element Financial Corporation\n\n\nWith total assets of approximately $2.5 billion, Element Financial\n Corporation is one of North America's leading independent equipment\n finance companies. Element operates across North America in three\n verticals of the equipment finance market - Element Capital provides\n large ticket equipment financing, Element Finance serves the mid-ticket\n equipment finance market and Element Fleet provides vehicle fleet\n leasing and management solutions.\n\n\nForward Looking Statements\n\n\nThis release includes forward-looking statements regarding Element and\n its business.  Such statements are based on the current expectations\n and views of fut...