Canadian Equipment Rental Fund Limited Partnership to make employee loans to fund purchase of units

    TSX Venture Symbol: CFL.UN

    CALGARY, June 11 /CNW/ - Canadian Equipment Rental Fund Limited
Partnership ("CERF LP") has closed the private placement, which was previously
announced on December 8, 2006, of an aggregate 223,000 limited partnership
units of CERF LP ("Units") at a price of $2.38 per Unit (the "Private
Placement"). The subscribers under the Private Placement are four employees of
CERF LP with whom CERF LP has entered into secured loan arrangements to
finance the Private Placement, for purposes of promoting employee retention.
The Units issued pursuant to the Private Placement are subject to a hold
period that expires on October 12, 2007.

    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

For further information:

For further information: Wayne Wadley, President and CEO, CERF GP Corp.,
general partner of CERF LP, Telephone: (403) 850-4095, Fax: (780) 417-4929,
E-mail:; Ken Stephens, CEO, CERF GP Corp., general partner
of CERF LP, Telephone: (403) 298-8695, Fax: (780) 417-4929, E-mail:

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