GasFrac Energy Services Inc.
TSX VENTURE : GFS

GasFrac Energy Services Inc.

June 14, 2011 17:08 ET

GASFRAC Energy Services Inc. Announces Conditional Approval for TSX Listing

CALGARY, ALBERTA--(Marketwire - June 14, 2011) - 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.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • GASFRAC Energy Services Inc.
    James M. Hill
    Chief Financial Officer
    403-515-3387
    jhill@gasfrac.com