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Preferred Sands Announces Sale of Blair Facility to Source Energy Services Ltd. of Canada

RADNOR, Pa.–(BUSINESS WIRE)–Preferred Proppants, LLC (“Preferred Sands” or “Preferred” or the “Company”) today announced that it has entered into a definitive agreement for the sale of its Blair, Wisconsin facility and its Canadian assets (collectively, the “Blair” transaction) to Source Energy Services Ltd. (“Source”) (TSX: SHLE) for USD $80 million in cash, subject to closing and post-closing adjustments, and entering into a production payment agreement in respect of certain exploration rig