Business
Appeal of Final Order Approving Calfrac's Recapitalization Transaction Heard in Court Today; Court Reserves Decision
Appeal of Final Order Approving Calfrac's Recapitalization Transaction Heard in Court Tod...
About this update from Calfrac Well Services Ltd.
[{"type":"text","content":"\n \n \n \n Appeal of Final Order Approving Calfrac's Recapitalization Transaction Heard in Court Today; Court Reserves Decision\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n CALGARY, AB, Nov. 25, 2020\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Nov. 25, 2020\n \n /CNW/ - Calfrac Well Services Ltd. (\"\n \n Calfrac\n \n \" or the \"\n \n Company\n \n \") (TSX: CFW) confirms that a hearing was held today, in the Alberta Court of Appeal, to consider the appeal by Wilks Brothers, LLC,  of the Final Order issued by the Court of Queen's Bench of\n \n Alberta\n \n on\n \n November 2\n \n \n nd\n \n , approving the Company's plan of arrangement, under the\n \n Canada Business Corporations Act.\n \n \n \n The Court has reserved its decision, and Calfrac will provide a further update upon its release.\n \n \n Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol \"CFW\". Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western\n \n Canada\n \n ,\n \n the United States\n \n ,\n \n Argentina\n \n and\n \n Russia\n \n .\n \n \n This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words \"expect\", \"anticipate\", \"continue\", \"estimate\", \"may\", \"will\", \"project\", \"should\", \"believe\", \"plans\", \"intends\" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward-looking statements and information relating to the timing of the Court's decision in respect of the appeal. These forward-looking statements and information are based on certain key expectations and assumptions made by Calfrac in light of its experience and perception of historical trends, current conditions and expected future developments as well as other factors it believes are ...