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DISSEMINATION IN THE UNITED STATES OF AMERICA./
CALGARY, Dec. 12 /CNW/ - Canadian Equipment Rental Fund Limited Partnership ("CERF LP") has filed a final short form prospectus with securities regulatory authorities in the Provinces of Alberta, British Columbia and Ontario in connection with the previously announced public offering of limited partnership units ("Units") of CERF LP (the "Offering"). The Units are to be offered on a best efforts basis.
The Offering is being led by Cormark Securities Inc. as lead agent to a syndicate of agents that includes PI Financial Corp. Pursuant to the Offering, CERF LP has agreed to issue and sell a minimum of 200,000 Units and a maximum of 450,000 Units at a price of $5.00 per Unit, for gross proceeds of a minimum of $1,000,000 and a maximum of $2,250,000.
The Offering is expected to close on or about December 20, 2007. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The proceeds of the Offering will be used to fund the purchase of equipment and to thereby expand CERF LP's rental fleet and for general partnership purposes.
CERF LP is a Canadian limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERF LP is listed on the TSX Venture Exchange under the symbol "CFL.UN" and currently has 5,440,033 Units issued and outstanding.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements. These forward-looking statements are subject to various risk factors and uncertainties, which may cause the actual results, performances, cash flows or the ability to pay distributions to be materially different from the results, performances, cash flows or the ability to pay distributions expressed or implied by such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.