Calfrac provides details of share split and voting results of election of directors

Calfrac provides details of share split and voting results of election of 
CALGARY, May 9, 2014 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) 
announced today that, at its annual and special meeting of shareholders held 
on May 8, 2014, its shareholders approved a split of its common shares on a 
two-for-one basis and the seven nominees proposed as directors and listed in 
Calfrac's management information circular dated March 28, 2014 were elected as 
Share Split 
The record date for the share split will be the close of business on May 23, 
2014.  The payment date, being the date on which Computershare Trust Company 
of Canada, Calfrac's transfer agent, will mail additional share certificates 
representing the common shares to which shareholders are entitled as a result 
of the share split, will be on May 30, 2014.  All future dividends approved by 
Calfrac's board of directors will reflect the two-for-one share split. 
The Toronto Stock Exchange has determined to implement due bill trading in 
connection with the share split.  A due bill is an entitlement attached to 
listed securities undergoing a material corporate action, such as a share 
split.  In this instance, the entitlement is to the additional common shares 
of Calfrac issuable as a result of the share split.  The common shares of 
Calfrac will trade on a due bill basis from May 21, 2014 to May 30, 2014, 
inclusive.  Any trades that are executed on the Toronto Stock Exchange during 
this period will be flagged to ensure purchasers receive the entitlement to 
the additional common shares issuable as a result of the share split.  
Ex-distribution trading in the common shares on a split-adjusted basis will 
commence on June 2, 2014.  The due bill redemption date will be June 4, 2014. 
For beneficial shareholders who hold their shares in an account with their 
investment dealer or other intermediary, their account will be automatically 
updated to reflect the share split.  Registered shareholders should retain 
their current Calfrac share certificates, which will remain valid and continue 
to represent the number of Calfrac common shares indicated on those 
certificates.  Share certificates representing additional common shares of 
Calfrac issuable as a result of the share split will be mailed to registered 
shareholders, at the addresses indicated on Calfrac's shareholder register, on 
May 30, 2014.  The combination of the current share certificates and the 
additional share certificates will represent each shareholder's total 
post-split shareholdings. 
Voting Results of Election of Directors 
Detailed results of the voting for each nominee are set out below. 

    |         Nominee   |     Votes For  |Votes Withheld |
    |                   |________________|_______________|
    |                   |   Number |   % |  Number |   % |
    |Fernando Aguilar   |37,813,639|99.65| 133,638 |0.35 |
    |Kevin R. Baker     |35,006,159|92.25|2,941,119|7.75 |
    |James S. Blair     |37,854,697|99.76|  92,581 |0.24 |
    |Gregory S. Fletcher|35,760,629|94.24|2,186,649|5.76 |
    |Lorne A. Gartner   |37,881,369|99.83|  65,909 |0.17 |
    |Ronald P. Mathison |33,859,782|89.23|4,087,496|10.77|
    |Douglas R. Ramsay  |37,782,407|99.57| 164,871 |0.43 |

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, Argentina, Colombia, Mexico and Russia.

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 relating to the share split, 
including the record date, the payment date, the due bill trading dates, the 
ex-distribution date, the due bill redemption date 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 President and 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 
Ian Gillies Manager, Investor Relations Telephone: (403) 266-6000 Fax: (403) 
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CO: Calfrac Well Services Ltd.
ST: Alberta
NI: OIL 2575 WNEWS  
-0- May/09/2014 10:01 GMT
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