July 13 (Reuters) - Element Lifestyle Retirement Inc ELM.V :
* Element lifestyle retirement announces $3,500,000 debt financing
* Entered into a commitment letter with Addenda Capital
* Lender has agreed to advance an aggregate of $3.5 million to Element or a subsidiary of Element
* Proceeds will be used by co to fund a portion of $6.7 million purchase price for property to be purchased by company Source text for Eikon: Further company coverage: ELM.V
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