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BRIEF-Calfrac announces $40 million private placement

Nov 23 Calfrac Well Services Ltd

* Calfrac announces $40 million private placement

* Agreed to purchase, on a private placement basis, 14 mln common shares of Calfrac at a price of $2.85 per share

* Calfrac well services-$25 million of offering expected to be held in segregated account to be utilized calculating ebitda to maintain specified ebitda ratio Source text for Eikon: Further company coverage:

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