Business
Calfrac announces anticipated first day of trading for Common Shares and Warrants on the TSX after closing of Amended Recapitalization Transaction
Calfrac announces anticipated first day of trading for Common Shares and Warrants on the ...
About this update from Calfrac Well Services Ltd.
[{"type":"text","content":"\n \n \n \n Calfrac announces anticipated first day of trading for Common Shares and Warrants on the TSX after closing of Amended Recapitalization Transaction\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 \n \n \n CALGARY, AB\n \n ,\n \n Dec. 23, 2020\n \n /CNW/ - Calfrac Well Services Ltd. (\"\n \n Calfrac\n \n \" or the \"\n \n Company\n \n \") (TSX: CFW) completed its previously announced recapitalization transaction on\n \n December 18, 2020\n \n (the \"\n \n Recapitalization Transaction\n \n \"). Among other things, the Recapitalization Transaction resulted in the consolidation of Calfrac's outstanding common shares on a 50:1 basis (as consolidated, the \"\n \n Post-Consolidation Common Shares\n \n \") and the issuance of common share purchase warrants (\"\n \n Warrants\n \n \").\n \n \n The Post-Consolidation Shares and the Warrants have been listed for trading on the Toronto Stock Exchange (the \"\n \n TSX\n \n \"). The TSX released bulletins regarding the Post-Consolidation Common Shares and the Warrants earlier today. The Post-Consolidation Common Shares and the Warrants are anticipated to begin trading on the TSX at the open of markets on\n \n December 29, 2020\n \n .\n \n \n \n Calfrac's common shares and warrants are publicly traded on the TSX\n \n \n under the trading symbols \"CFW\" and \"CFW.WT\", respectively. 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 \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, this press release contain...