Calfrac Announces Dividend and Proposes Two-For-One Share Split

CALGARY, Feb. 26, 2014 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") 
(TSX-CFW) is pleased to announce that its Board of Directors has declared a 
dividend pursuant to its quarterly dividend policy.  The dividend of $0.25 per 
common share will be paid on April 15, 2014 to shareholders of record on March 
31, 2014. 
Calfrac's Board of Directors has also determined to seek shareholder and 
regulatory approval for the implementation of a two-for-one share split of 
Calfrac's issued and outstanding common shares.  The share split will be 
considered by shareholders at the upcoming Annual and Special Meeting to be 
held on Thursday, May 8, 2014. Calfrac believes that having a greater number 
of shares will enhance liquidity and increase investor interest in Calfrac and 
its business. 
The April 15(th) dividend payment will be unaffected by the proposed 
two-for-one share split.  If the share split receives shareholder and 
regulatory approval, all subsequent dividends approved by Calfrac's Board of 
Directors will reflect the two-for one share split. 
Calfrac's common shares are publicly traded on the Toronto Stock Exchange 
under the trading symbol "CFW".  Calfrac provides specialized oilfield 
services to exploration and production companies designed to increase the 
production of hydrocarbons from wells drilled throughout western Canada, the 
United States, Russia, Mexico, Colombia and Argentina. 
This press release contains forward-looking statements and forward-looking 
information within the meaning of applicable securities laws. The use of any 
of the words "expect", "anticipate", "continue", "estimate", "may", "will", 
"project", "should", "believe", "plans", "intends" and similar expressions are 
intended to identify forward-looking information or statements. More 
particularly and without limitation, this press release contains 
forward-looking statements and information concerning the timing of the Annual 
and Special Meeting of Shareholders, the anticipated impact of a two-for-one 
share split of Calfrac's issued and outstanding common shares and future 
dividend payments. These forward-looking statements and information are based 
on certain key expectations and assumptions made by Calfrac. Although Calfrac 
believes that the expectations and assumptions on which such forward-looking 
statements and information are based are reasonable, undue reliance should not 
be placed on the forward-looking statements and information as Calfrac cannot 
give any assurance that they will prove to be correct. Since forward-looking 
statements and information address future events and conditions, by their very 
nature they involve inherent risks and uncertainties. Actual results could 
differ materially from those currently anticipated due to a number of factors 
and risks. These include, but are not limited to, risks associated with the 
ability of Calfrac to obtain the required shareholder and regulatory approvals 
to complete the share split; prevailing economic conditions; commodity prices; 
sourcing, pricing and availability of raw materials, component parts, 
equipment, suppliers, facilities and skilled personnel; dependence on major 
customers; uncertainties in weather and temperature affecting the duration of 
the service periods and the activities that can be completed; health, safety 
and environmental risks; exchange rate fluctuations; marketing and 
transportation; loss of markets; environmental risks; governmental 
regulations; competition; incorrect assessment of the value of acquisitions; 
failure to realize the anticipated benefits of acquisitions; ability to access 
sufficient capital from internal and external sources; failure to obtain 
required regulatory and other approvals; and changes in legislation, including 
but not limited to tax laws, royalties and environmental regulations. 
Readers are cautioned that the foregoing list of risks and uncertainties is 
not exhaustive. Additional information on these and other risk factors that 
could affect Calfrac's operations or financial results are included in 
Calfrac's annual information form and may be accessed through the SEDAR 
website ( The forward-looking statements and information 
contained in this press release are made as of the date hereof and Calfrac 
does not undertake any obligation to update publicly or revise any 
forward-looking statements or information, whether as a result of new 
information, future events or otherwise, unless so required by applicable 
securities laws.

SOURCE  Calfrac Well Services Ltd. 
Fernando Aguilar Chief Executive Officer Telephone:(403) 266-6000 Fax: 
(403) 266-7381  Michael J. McNulty Chief Financial Officer Telephone: 
(403) 266-6000 Fax:(403)266-7381  Tom J. Medvedic Senior Vice 
President, Corporate Development Telephone: (403) 266-6000 
Fax:(403)266-7381  Ian Gillies Manager, Investor Relations 
Telephone: (403) 266-6000 Fax:(403)266-7381   
To view this news release in HTML formatting, please use the following URL: 
CO: Calfrac Well Services Ltd.
ST: Alberta
-0- Feb/26/2014 11:01 GMT
Press spacebar to pause and continue. Press esc to stop.