CALGARY , June 11 /PRNewswire-FirstCall/ - 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.

SOURCE Canadian Equipment Rental Fund Limited Partnership

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