Canadian Equipment Rental Fund Limited Partnership Closes Previously Announced Equity Financing

Canadian Equipment Rental Fund Limited Partnership has closed its short-form prospectus offering of 2,500,000 limited partnership units of CERF LP at a price of $2.50 per Unit, for gross proceeds of a $6,250,000. Union Securities Ltd. acted as lead agent for the Offering to a syndicate that also included Canaccord Genuity Corp. and M Partners Inc.

The proceeds of the Offering will initially be used to pay down outstanding bank debt, and subsequently to finance capital expenditures and for general partnership purposes.

For the entire story, click here.

Loading