Order: In the Matter of an Application by Wilks Brothers, LLC for a review of a decision by TSX Inc. relating to Calfrac Well Services Ltd.

Order
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IN THE MATTER OF
AN APPLICATION BY WILKS BROTHERS, LLC
FOR THE REVIEW OF A DECISION BY TSX INC.
RELATING TO CALFRAC WELL SERVICES LTD.

File No. 2021-12

Timothy Moseley, Vice-Chair and Chair of the Panel
Lawrence P. Haber, Commissioner
Frances Kordyback, Commissioner

July 13, 2021

ORDER

WHEREAS on July 12, 2021, the Ontario Securities Commission held a hearing by videoconference to consider the application (the Application) brought by Wilks Brothers, LLC (Wilks) for a review of a decision by TSX Inc. (TSX) dated March 24, 2021, relating to Calfrac Well Services Ltd. (Calfrac) and Calfrac’s motion challenging Wilks’s standing to bring the Application (the Standing Motion);

ON READING the materials filed by the parties, and on hearing the submissions of the representatives for Wilks, Calfrac, TSX, Staff of the Commission, and the intervenors Glendon Capital Management LP, Signature Global Asset Management, a division of CI Investments Inc., and EdgePoint Investment Group, Inc.;

IT IS ORDERED, for reasons to follow, that:

  1. the Standing Motion is dismissed and Wilks has standing to bring the Application; and
  2. the Application is dismissed.
     
" Timothy Moseley "
Timothy Moseley
" Lawrence P. Haber "
Lawrence P. Haber
" Frances Kordyback "
Frances Kordyback