Stocks in Play: Calfrac Well Services Ltd.

Friday, November 27, 2020

9:59 AM EST – Calfrac Well Services Ltd. : Advises that Wilks Brothers, LLC has lost its latest attempt to stall Calfrac’s Amended Recapitalization Transaction. On November 2, the Court of Queen’s Bench of Alberta issued a final order approving the Company’s Plan of Arrangement under the Canada Business Corporations Act. Wilks Brothers subsequently filed an appeal with the Court of Appeal of Alberta, appealing the Final Order on an expedited basis. This matter was heard by the Court on November 25, and Calfrac was advised by the Court on November 26, that Wilks Brothers’ appeal of the Final Order had been dismissed. Calfrac Well Services Ltd. (T.CFW ) shares were up $0.01 at 0.255.

Stocks in Play: Calfrac Well Services Ltd., Fri, 27 Nov 2020 10:15:06 EST