Exchange Bulletin

Source Energy Services Ltd. (SHLE) To Trade On Toronto Stock Exchange


April 11, 2017
Issuer: Source Energy Services Ltd. (the "Company")
Security: Common Shares
Symbol(s): SHLE
Issue price per security: $10.50
Number of securities issued and outstanding: 49,310,881
Number of securities reserved for issuance: 9,937,672
Listing category: Mining, Non-Exempt Issuer
CUSIP: 83615X 10 0
Trading currency: CDN$
Transaction: Initial public offering of Common Shares (the "Offering").
Listing date: April 12, 2017 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: April 13, 2017 (prior to the opening)
Posted for trading date: April 13, 2017 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: AltaCorp Capital Inc.
Security ownership registration: Uncertificated Issue – Non Certificated Inventory
Investor relations: Derren Newell, CFO
Phone: (403) 262-1312 (ext. 233)
Email: dnewell@sourceenergyservices.com
Incorporation: Business Corporations Act (Alberta)
Fiscal year end: December 31
Nature of business: The Company is a fully integrated producer, supplier and distributor of Northern White frac sand, used in the hydraulic fracturing of oil and natural gas wells.
Transfer agent and registrar: Computershare Trust Company of Canada at its principal offices in Calgary and Toronto.
Dividends: The Company does not currently anticipate paying any dividends on the Common Shares.
Sponsorship: Not applicable
Disclosure document: Prospectus dated April 6, 2017, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the prospectus.
Initial public offering: 16,666,667 common shares offered by the Company to the public at price of $10.50 per for total gross proceeds of $175,000,004. In addition, the Company has granted to the underwriters an over-allotment option pursuant to which the underwriters may purchase up to 2,500,000 additional Common Shares of the Company at the Offering Price.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.

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