Business
Canadian Equipment Rental Fund Limited Partnership to make employee loans to fund purchase of units
Canadian Equipment Rental Fund Limited Partnership to make employee loans to fund purchase of units.
About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n\nTSX Venture Symbol: CFL.UN\n\n\nCALGARY, June 11 /CNW/ - Canadian Equipment Rental Fund Limited\nPartnership ("CERF LP") has closed the private placement, which was previously\nannounced on December 8, 2006, of an aggregate 223,000 limited partnership\nunits of CERF LP ("Units") at a price of $2.38 per Unit (the "Private\nPlacement"). The subscribers under the Private Placement are four employees of\nCERF LP with whom CERF LP has entered into secured loan arrangements to\nfinance the Private Placement, for purposes of promoting employee retention.\nThe Units issued pursuant to the Private Placement are subject to a hold\nperiod that expires on October 12, 2007.\n\n\nCERF LP is an Alberta limited partnership engaged in the rental, sale and\nservice of industrial and construction equipment. CERF LP trades on the TSX\nVenture Exchange under the symbol "CFL.UN".\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n%SEDAR: 00022335E\n\n\n","length":1112,"tagName":"div"}]