GASFRAC Energy Services Inc. ("GASFRAC" or the "Corporation") (TSX VENTURE:GFS)
is pleased to announce that the Toronto Stock Exchange ("TSX") has conditionally
approved the listing of the Corporation's common shares, subject to GASFRAC
satisfying certain customary filing requirements of the TSX. GASFRAC has
submitted materials to the TSX for final approval and expects to receive final
approval in the near future. GASFRAC has made an application to the TSX Venture
Exchange ("TSXV") to voluntarily delist its common shares from the TSXV, such
delisting to be effective as of the date the Corporation's common shares
commence trading on the TSX.
GASFRAC's graduation to the TSX will mark another progressive stage in the
Corporation's continued growth profile. Additionally, the listing of GASFRAC's
common shares on the TSX will provide the Corporation with access to Canada's
largest stock exchange while enhancing GASFRAC's trading liquidity and
visibility within North American capital markets.
GASFRAC is an oil and gas service company headquartered in Calgary, Alberta,
Canada. GASFRAC has developed new technology, the "LPG Fracturing Process", to
enable wells to be fractured safely with liquefied petroleum gas ("LPG"), more
specifically propane and butane. GASFRAC's primary business is to provide LPG
fracturing services to oil and gas companies in Canada and the USA.
FORWARD-LOOKING STATEMENTS:
This news release contains certain forward-looking statements, including with
respect to receipt of the TSX's final approval and the voluntary delisting from
the TSXV, that are based on GASFRAC's current expectations and assumptions which
are subject to certain risks and uncertainties. These risks include but are not
limited to failure to obtain required regulatory approvals. In this news
release, such forward-looking statements can be identified by terminology such
as "intends", "to be", "expected, "anticipates" and similar expressions.
Accordingly, readers are cautioned that events and circumstances could cause
results to differ materially from those predicted, forecasted or projected. Such
forward-looking statements are expressly qualified by the above statements.
GASFRAC does not undertake any obligation to publically update or revise any
forward-looking statements or information contained herein, except as required
by applicable laws.
