11:44 AM EST - Element Financial Corporation : announced that it has amended the terms of its previously announced private placement bought deal offering of special warrants of Element to increase the size of the offering to approximately $110 million. Under the amended terms of the Offering, a syndicate of underwriters co-led by GMP Securities L.P, Barclays and BMO Capital Markets acting as Joint Bookrunners, and including RBC Capital Markets, TD Securities, Cormark Securities, CIBC World Markets and Scotiabank have agreed to purchase, on a bought deal private placement basis, an aggregate of 19,500,000 Special Warrants at a price of $5.65 per Special Warrant for gross proceeds of approximately $110 million. Element Financial Corporation
shares T.EFN are trading down $0.07 at $5.98.
