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CISCO, TX, April 5, 2022 /CNW/ – Wilks Brothers, LLC announced today that on February 10, 2022its joint actors, Dan and Staci Wilks (the “Acquirer“), acquired 3,306,000 common shares (the “Common Shares“) of Cathedral Energy Services Ltd. (the “Issuer“) at a price of $0.44 per Common Share for a total of $3,306,000. The Common Shares were acquired in connection with a non-brokered private placement of 14,659,000 Common Shares (the “Private Placement“) to raise gross proceeds of $6.4 millionwhich partially funded the Issuer’s acquisition of the operating assets of Discovery Downhole Services (the “Acquisition“), as announced by the Issuer on February 11, 2022.
Prior to closing of the…
Full story available on Benzinga.com
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