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.

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.

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