TSX Venture Symbol: CFL.UN
CALGARY, April 20 /CNW/ - Canadian Equipment Rental Fund Limited Partnership ("CERF LP" or the "Partnership") is pleased to announce that, effective immediately, it has graduated from Tier 2 to Tier 1 status on the TSX Venture Exchange.
In the words of the TSX Venture Exchange, "Tier 1 is the Exchange's premier tier and is reserved for the Exchange's most advanced Issuers with the most significant financial resources. Tier 1 Issuers benefit from decreased filing requirements and improved service standards." CERF LP is pleased to have its efforts recognized in this way in less than two years since listing as a publicly traded partnership.
CERF LP is also pleased to announce that it has been approved for an increase in its total credit facility in various forms by the CIBC from $4,473,000 to $8,473,000 as a result of the Partnership's strong financial performance over the past year. The increased credit facilities will enable the Partnership to continue to grow the rental fleet with new equipment and services to meet our customers' ongoing rental and sales demands.
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.
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