TSX Venture Symbol: CFL.UN
CALGARY, Nov. 28 /CNW/ - Canadian Equipment Rental Fund Limited
Partnership ("CERF LP") has entered into an agreement with Timberwolf
Technologies Inc. ("TTI") whereunder CERF LP has agreed to issue to TTI
limited partnership units of CERF LP ("Units") in full and final payment and
satisfaction of the principal amount of $500,000 owing by CERF LP to TTI (the
"Debt"). The deemed price per Unit is $2.50 and an aggregate of 200,000 Units
will be issued (collectively, the "Units for Debt Transaction"). The Debt was
initially incurred by CERF LP in connection with the purchase of its business
from TTI (then named 4-Way Equipment Rentals Ltd.) on June 21, 2005.
TTI is a private Alberta Corporation controlled by Mr. Wayne Wadley. Mr.
Wadley is also the President and Chief Executive Officer of CERF GP Corp., the
general partner of CERF LP.
The completion of the Units for Debt Transaction is subject to the
approval of the TSX Venture Exchange.
Advisory regarding 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 or
achievements of CERF LP to be materially different from any future results,
performances or achievements expressed or implied by such forward-looking
statements.
CERF LP is an Alberta limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERF LP trades on the TSX
Venture Exchange under the symbol "CFL.UN".
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00022335E
