CALGARY, ALBERTA–(Marketwired – June 27, 2017) – Canadian Equipment Rentals Corp. (the “Company”) (TSX VENTURE:CFL) is pleased to announce that at the Annual and Special Meeting of the shareholders of the Company held on June 27, 2017, the proposed name change of the Company to Zedcor Energy Inc. was approved.

This name change aligns the branding of the parent company, Zedcor Energy Inc., with its operating subsidiary Zedcor Energy Services Corp., which has an excellent reputation for quality rental assets and customer service. The recent restructuring efforts by management have culminated in a parent and single subsidiary company providing rental … Continue Reading

CALGARY, ALBERTA–(Marketwired – May 18, 2017) – Canadian Equipment Rentals Corp. (the “Company”) (TSX VENTURE:CFL) announces that today options to purchase 400,000 common shares of the Company were granted to directors of the Company and options to purchase 1,600,000 common shares of the Company were granted to officers and employees of the Company, both with an exercise price of $0.25 per share. The options have been granted pursuant to the Company’s 10% rolling stock option plan and will expire five years from the date of grant. All of the options will vest as to one third thereof on each of … Continue Reading

CALGARY, ALBERTA–(Marketwired – May 16, 2017) – Canadian Equipment Rentals Corp. (the “Company”) (TSX VENTURE:CFL) today announced its financial and operating results for the three months ended March 31, 2017.

“With the completion of the corporate restructuring and refinancing of debt, the Company is now moving forward under a much lower cost structure and with a clearly defined strategy to be a leading surface and accommodation rental company in Western Canada” said Ken Olson, Canadian Equipment Rentals Corp., CFO. “We are pleased with the Company’s operational performance in the first quarter of 2017 and with the current demand for rental … Continue Reading

CALGARY, ALBERTA–(Marketwired – April 28, 2017) – Canadian Equipment Rentals Corp. (“CERC” or the “Company”) (TSX VENTURE:CFL) is pleased to announce that it has closed the previously announced $20.4 million loan transaction (the “Loan Transaction”) between CERC and Maynbridge Capital Inc. (“Maynbridge”) and repaid the existing syndicated lenders in full.

The Company is also pleased to announce that it has completed the conversion of $2.5 million of debt owing to a company controlled by Mr. Dean Swanberg in exchange for 10 million common shares of the Company, representing a price of $0.25 per share.

Concurrently with the closing of the … Continue Reading

CALGARY, ALBERTA–(Marketwired – April 25, 2017) – Canadian Equipment Rentals Corp. (the “Company”) (TSX VENTURE:CFL) today announced its financial and operating results for the year ended December 31, 2016.

Highlights

Amounts in the following tables are presented in thousands of dollars, except for per share amounts and percentages.

CALGARY, ALBERTA–(Marketwired – April 24, 2017) – Canadian Equipment Rentals Corp. (“CERC” or the “Company”) (TSX VENTURE:CFL) is pleased to announce that it has largely completed its restructuring efforts and entered into a Loan and Security Agreement with Maynbridge Capital Inc. (“Maynbridge”).

The corporate restructuring and refinancing is the culmination of over ten months of efforts to eliminate significant costs and inefficiencies in the business and transform the Company from one with multiple business lines, in different industries, operating under a high corporate overhead cost structure, to a lean and focused company operating one business line under a low-cost corporate … Continue Reading

CALGARY, ALBERTA–(Marketwired – Feb. 28, 2017) – Canadian Equipment Rentals Corp. (the “Company”) (TSX VENTURE:CFL) today announced that it has entered into a Sixth Amending Agreement with its senior lenders. This agreement expires on April 28, 2017 and provides the Company additional time to secure a refinancing solution that will result in repayment of the existing amounts due to the senior lenders.

To assist in this effort, the Company has engaged Ernst & Young Orenda Corporate Finance Inc. as exclusive advisor with respect to the process. The scope of the process includes securing replacement financing for the senior lenders and … Continue Reading

CALGARY, ALBERTA–(Marketwired – Feb. 13, 2017) – Canadian Equipment Rentals Corp. (“CER” or the “Company”) (TSX VENTURE:CFL) announces that effective February 11, 2017, Mr. Artie Kos has resigned as Chief Executive Officer and Chairman of the Board of CER.

Having led the process of narrowing the focus of the Company to the upstream and midstream energy services industry, by completing the sale of CER’s Waste Management and General Rentals divisions, Mr. Kos has now elected to resign as CEO and as Chairman of CER, although he will continue to serve as a director. The Board of Directors would like to … Continue Reading

CALGARY, ALBERTA–(Marketwired – Feb. 9, 2017) – Canadian Equipment Rentals Corp. (“CER” or the “Company”) (TSX VENTURE:CFL) is pleased to announce that further to its press release dated January 31, 2017, it has completed the sale of the assets of its wholly-owned subsidiary, 4-Way Equipment Rentals Corp. to Cooper Rentals Canada Inc.

Gross cash proceeds from the transaction will be approximately $8.5 million. Net proceeds after transaction costs and post-closing adjustments will be applied against CER’s senior indebtedness.

About Canadian Equipment Rentals Corp.
Canadian Equipment Rentals Corp. is a Canadian public corporation and parent company to Zedcor Energy Services Inc. … Continue Reading

CALGARY, ALBERTA–(Marketwired – Jan. 31, 2017) – Canadian Equipment Rentals Corp. (TSX VENTURE:CFL) (“CERC” or the “Company”) has entered into an asset purchase agreement with Cooper Rentals Canada Inc. (“Cooper”), to sell all the assets of its wholly-owned subsidiary, 4-Way Equipment Rentals Corp. (“4-Way”), for cash proceeds of $8.5 million.

“This transaction is the next step in strengthening our balance sheet and narrowing the focus of the Company to the upstream and midstream energy services industry,” said Ken Olson, CFO of CERC. “The cash proceeds from the sale will be used to reduce bank indebtedness and provide us with greater … Continue Reading

CALGARY, ALBERTA–(Marketwired – Dec. 30, 2016) – Canadian Equipment Rentals Corp. (the “Company” or “CER”) (TSX VENTURE:CFL) regrettably announces that Mr. Skip Kerr, former Chief Operating Officer of the Company passed away on December 27th after a lengthy battle with various health ailments.

CER’s Board of Directors wish to recognize Mr. Kerr for his years of dedication and contribution to the Company and also wish to thank his family for their support of Skip while in the employ of CER.

About Canadian Equipment Rentals Corp.

Canadian Equipment Rentals Corp. is a Canadian public corporation with two operating divisions: Energy Services … Continue Reading

CALGARY, ALBERTA–(Marketwired – Dec. 23, 2016) – Canadian Equipment Rentals Corp. (the “Company” or “CER”) (TSX VENTURE:CFL) announces that Mr. Austin Fraser has resigned from his role as President of the Company effective immediately. Going forward, the responsibilities associated with the role of president will be absorbed by the existing management team.

CER’s Board of Directors wish to thank Mr. Fraser for his years of dedication and contribution to the Company and wish him well in his future endeavors. Mr. Fraser has agreed to provide certain consulting services through the first quarter of 2017 as needed.

About Canadian Equipment Rentals … Continue Reading