Trican Well Service Ltd. Announces Normal Course Issuer Bid

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Trican Well Service Ltd. 
TSX SYMBOL:  TCW 
MARCH 10, 2014 
Trican Well Service Ltd. Announces Normal Course Issuer Bid 
CALGARY, ALBERTA--(Marketwired - March 10, 2014) - Trican Well Service Ltd.
(TSX:TCW) ("Trican" or the "Company") is pleased to
announce that the Toronto Stock Exchange (the "TSX") has accepted its
application to make a normal course issuer bid (the "Bid") to
purchase, from March 13, 2014 to March 12, 2015, certain of its outstanding
common shares (the "Common Shares"). All purchases will be made
through the facilities of the TSX. 
The Bid has been put in place because the Company believes that the Common
Shares are a good investment for the Company in the context of equity market
conditions, and to offset the dilutive effects of the exercise from time to
time of stock options granted by Trican under its stock option plan. All Common
Shares purchased through the Bid will be returned to treasury for cancellation. 
As at February 28, 2014, there were 148,918,046 Common Shares issued and
outstanding. The number of Common Shares which may be purchased during the
period of the Bid will not exceed 10,426,156 Common Shares, which is
approximately 10% of the public float for the Common Shares. Except as
permitted under the TSX rules, the Company will not purchase on any given
trading day under the Bid more than 129,450 Common Shares, being 25% of the
average daily trading volume of the Common Shares on the TSX for the previous
six calendar months of 517,800 Common Shares. No Common Shares were purchased
pursuant to Trican's most recent normal course issuer bid, which expired
on March 7, 2014. 
Trican has engaged TD Securities Inc. as its broker for the purpose of
effecting purchases under the Bid. All purchases under the Bid will be at the
discretion of Trican, subject to the rules of the TSX. 
Headquartered in Calgary, Alberta, Trican has operations in Canada, the United
States, Russia, Kazakhstan, Australia, Algeria, Norway, Colombia and Saudi
Arabia. Trican provides a comprehensive array of specialized products,
equipment and services that are used during the exploration and development of
oil and gas reserves. 
Forward-Looking Statements 
Certain statements and other information included in this press release
constitute "forward-looking information" within the meaning of
applicable Canadian securities legislation ("forward-looking
statements"). All statements in this press release, other than those
relating to historical information or current conditions, are forward-looking
statements. Such forward-looking statements involve known and unknown risks and
uncertainties, many of which are beyond our control, as well as various
assumptions and business sensitivities, including those risk factors described
in the Company's most recent Annual Information Form and annual
management's discussion and analysis which may cause actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Trican disclaims any intention or obligation to
update or revise any forward-looking statements in this press release as a
result of new information or future events, except as may be required under
applicable Canadian securities legislation. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Trican Well Service Ltd.
Dale Dusterhoft
Chief Executive Officer
ddusterhoft@trican.ca
or
Trican Well Service Ltd.
Michael Baldwin
Senior Vice President, Finance & CFO
mbaldwin@trican.ca
or
Trican Well Service Ltd.
Gary Summach
Director of Reporting and Investor Relations
gsummach@trican.ca
or
Trican Well Service Ltd.
2900, 645 - 7th Avenue S.W.
Calgary, Alberta T2P 4G8
(403) 266-0202
(403) 237-7716
www.trican.ca 
INDUSTRY:  Energy and Utilities - Equipment, Energy and Utilities - Oil and Gas 
SUBJECT:  BBK 
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-0- Mar/10/2014 22:40 GMT
 
 
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