CWC ENERGY SERVICES CORP. REINSTATES NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES AS AN AUTOMATIC SECURITIES PURCHASE PLAN

CALGARY, AB, Nov. 14, 2022 /CNW/ - (TSXV:CWC.VN) CWC Energy Services Corp. ("CWC" or the "Company") is pleased to announce that it filed with the TSX Venture Exchange ("TSXV") a Notice of Intention to make a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as CWC considers advisable, a maximum of 25,620,671 common shares (the "Common Shares"). CWC has entered into an "automatic securities purchase plan" (as defined under applicable securities laws) with Raymond James Ltd. ("Raymond James") for the purpose of making purchases under the Bid (the "ASPP"). Such purchases will be determined by Raymond James in its sole discretion, without consultation with CWC having regard to the price limitation and aggregate purchase limitation and other terms of the ASPP and the rules of the TSXV.  Conducting the Bid as an ASPP allows Common Shares to be purchased at times when CWC would otherwise be prohibited from doing so pursuant to securities laws and its internal trading policies.