/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
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
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
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.
For further information:
For further information: Wayne Wadley, President & CEO, at (403)
850-4095, by fax at (403) 261-3834, by email at firstname.lastname@example.org; or Ken
Stephens, CFO, at (403) 298-8695, by email at email@example.com