HALIFAX, NS, Dec. 18, 2020 /CNW/ – G2S2 Capital Inc. (“G2S2”), announces that G2S2, together with an entity with whom it is deemed to be a joint actor, acquired ownership of, and control over, an aggregate of 14,162,243 common shares (“Common Shares”) and $26,083,000 principal amount of 10% senior secured convertible payment-in-kind notes (“Convertible Notes”) of Calfrac Well Services Ltd. (“Calfrac”). The Common Shares and Convertible Notes were acquired pursuant to Calfrac’s previously announced recapitalization transaction by way of a statutory plan of arrangement under the Canada Business Corporations Act, which was completed on December 18, 2020.