CERF GP Corp., the general partner of Canadian Equipment Rental Fund Limited Partnership proposes to increase the amount of the previously announced private placement of stock at a $3 per unit to a select group of shareholders. With the addition of the 50,000 units, CERF now plans to issue 216,670 units for gross proceeds of $650,010. The proceeds will be used to fund an asset acquisition and general partnership purposes.
CERF, a general rental company, trades on the TSX Venture Exchange under the symbol CFL.UN.
The company trades as Four-Way Equipment Rentals, based in Edmonton, Alberta, Canada.