IPO: KKR-backed Preferred Sands files S-1

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Reserves “Reserves” are defined by SEC Industry Guide 7 as that part of a mineral deposit that could be economically and legally extracted or produced at the time of the reserve determination. Industry Guide 7 divides reserves between “proven (measured) reserves” and “probable (indicated) reserves” which are defined as follows: • Proven (measured) reserves. Reserves…

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