Exchange Bulletin
Source Energy Services Ltd. (SHLE) To Trade On Toronto Stock Exchange
Issuer: | Source Energy Services Ltd. (the "Company") |
Security: | Common Shares |
Symbol(s): | SHLE |
Issue price per security: | $10.50 |
Number of securities issued and outstanding: | 49,310,881 |
Number of securities reserved for issuance: | 9,937,672 |
Listing category: | Mining, Non-Exempt Issuer |
CUSIP: | 83615X 10 0 |
Trading currency: | CDN$ |
Transaction: | Initial public offering of Common Shares (the "Offering"). |
Listing date: | April 12, 2017 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: | April 13, 2017 (prior to the opening) |
Posted for trading date: | April 13, 2017 (at the opening) subject to confirmation of closing of the Offering. |
Other market(s): | None |
Temporary market maker: | AltaCorp Capital Inc. |
Security ownership registration: | Uncertificated Issue – Non Certificated Inventory |
Investor relations: | Derren Newell, CFO Phone: (403) 262-1312 (ext. 233) Email: dnewell@sourceenergyservices.com |
Incorporation: | Business Corporations Act (Alberta) |
Fiscal year end: | December 31 |
Nature of business: | The Company is a fully integrated producer, supplier and distributor of Northern White frac sand, used in the hydraulic fracturing of oil and natural gas wells. |
Transfer agent and registrar: | Computershare Trust Company of Canada at its principal offices in Calgary and Toronto. |
Dividends: | The Company does not currently anticipate paying any dividends on the Common Shares. |
Sponsorship: | Not applicable |
Disclosure document: | Prospectus dated April 6, 2017, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the prospectus. |
Initial public offering: | 16,666,667 common shares offered by the Company to the public at price of $10.50 per for total gross proceeds of $175,000,004. In addition, the Company has granted to the underwriters an over-allotment option pursuant to which the underwriters may purchase up to 2,500,000 additional Common Shares of the Company at the Offering Price. |
TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |