Calfrac Well Services Ltd. completed the acquisition of GASFRAC Energy Services, Inc..
As on July 6, 2015, all Directors of GASFRAC have resigned. Borden Ladner Gervais LLP and Vinson & Elkins LLP acted as the legal counsel for GASFRAC. Ernst & Young Inc. (Monitor) acted as the court appointed monitor in the deal. The Monitor's Canadian counsel is Norton Rose Canada LLP and United States counsel is Norton Rose Fulbright US LLP.
Calfrac Well Services Ltd. (TSX:CFW) completed the acquisition of GASFRAC Energy Services, Inc. (TSX:GFS) on July 6, 2015. All former subsidiaries of GASFRAC Energy Services have or are in the process of being liquidated and dissolved. GASFRAC Energy Services has filed Articles of Reorganization with the Registrar of Corporations to create and issue new Class A common shares all of which are owned by Calfrac Well Services and immediately cancel all previously issued and outstanding securities of GASFRAC Energy Services and all related options, warrants and other rights to acquire previously existing GASFRAC common shares without payment or other consideration.