-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CKSynphoO8V+aooo0qyCLBshh16SeDSy/+I5oPu5HlXMpzuxEOb1tp1+svGly3yQ
 GrLKlL/FAWsLhkLlcnqDUw==

<SEC-DOCUMENT>0000950134-06-022075.txt : 20061122
<SEC-HEADER>0000950134-06-022075.hdr.sgml : 20061122
<ACCEPTANCE-DATETIME>20061122073900
ACCESSION NUMBER:		0000950134-06-022075
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20061122
DATE AS OF CHANGE:		20061122

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NACG Holdings Inc.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-135943
		FILM NUMBER:		061234445

	BUSINESS ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NACG Holdings Inc.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>y22556f3fwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
<HTML>
<HEAD>
<TITLE>fwp</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Filed pursuant to Rule&nbsp;433<BR>
Registration No.&nbsp;333-135943<BR>
November&nbsp;21, 2006
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Free Writing Prospectus of NACG Holdings Inc.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>This free writing prospectus should be read together with the preliminary prospectus that forms a
part of the Registration Statement on Form F-1 (Registration No.&nbsp;333-135943) of NACG Holdings Inc.
The preliminary prospectus can be accessed through the following link</I>
<U><I>http://www.sec.gov/Archives/edgar/data/1368519/000095012906009791/y22556a7fv1za.htm</I></U><I>. The
information in this free writing prospectus supplements and updates the information contained in
the preliminary prospectus.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The initial public offering price of our common shares will be US$16.00, or C$18.38, per share.
This will result in gross proceeds of approximately US$140.0&nbsp;million, or C$160.8&nbsp;million. As a
result, our net proceeds from the offering, assuming no exercise of the underwriters&#146;
over-allotment option, will be less than the amount (approximately C$150.3&nbsp;million) described under
&#147;Use of Proceeds&#148; in the preliminary prospectus that we intend to apply to purchase equipment,
repurchase our senior secured notes, acquire the seller preferred shares and terminate our advisory
services agreement. In light of our substantial capital expenditures since June&nbsp;30, 2006, we will
borrow under our revolving credit facility the amount needed to make up the difference
between the actual proceeds to us from the offering and the proceeds needed for those transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The
foregoing will increase our pro forma weighted average
common shares outstanding for the year ended March&nbsp;31, 2006 and the three months ended June&nbsp;30,
2006 as shown in the preliminary prospectus by 1,295,740&nbsp;shares.
The pro forma net income per share (basic and diluted) will be C$0.80 and C$0.70 for the
respective periods. At a US$16.00 per share offering price, the dilution in net tangible book
value per share to new investors will be US$15.39.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>We have filed a registration statement (including a prospectus) with the SEC for the offering to
which this communication relates. Before you invest, you should read the prospectus in that
registration statement and other documents we have filed with the SEC for more complete information
about NACG Holdings Inc. and this offering. You may get these documents for free by visiting EDGAR
on the SEC Web site at www.sec.gov. Alternatively, the underwriters will arrange to send you the
preliminary prospectus if you request it by calling toll-free 1-800-221-1037.</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
