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DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, Dec. 20 /CNW/ - Canadian Equipment Rental Fund Limited Partnership ("CERF LP") has closed its offering of 289,270 limited partnership units ("Units") of CERF LP at a price of $5.00 per Unit for aggregate gross proceeds of $1,446,350 (the "Offering"). Cormark Securities Inc. acted as lead agent for the Offering to a syndicate that also included PI Financial Corp.
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, after completion of the Offering, now has 5,735,107 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.