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DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, Nov. 16 /CNW/ - Canadian Equipment Rental Fund Limited Partnership ("CERF LP") has filed a preliminary short form prospectus with securities regulatory authorities in the Provinces of Alberta, British Columbia and Ontario in connection with a proposed public offering of limited partnership units ("Units") of CERF LP (the "Offering"). The number of Units to be offered and the price per Unit have not yet been determined. The Units are to be offered in the Provinces of Alberta, British Columbia and Ontario, on a best efforts basis, with no minimum number or dollar amount requirement.
Cormark Securities Inc. is acting as lead agent in connection with the Offering. The syndicate also includes PI Financial Corp.
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.