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Greenfire Resources Ltd T.GFR

Alternate Symbol(s):  GFR | GFRWF | GFR.RT | T.GFR.RT

Greenfire Resources Ltd., together with its subsidiaries, engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada. The company’s principal asset include Hangingstone Facilities located in south of Fort McMurray, Alberta. Greenfire Resources Ltd. is headquartered in Calgary, Canada.


TSX:GFR - Post by User

Greenfire Resources Ltd
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  • ztransforms173X
Post by ztransforms173on Nov 03, 2025 9:50pm
86 Views
Post# 36772984

WEF Will + GFR OWNERSHIP Through $ 300M RIGHTS OFFERING !

WEF Will + GFR OWNERSHIP Through $ 300M RIGHTS OFFERING !- it will be NICE & CLEAN

- WEF will BACKSTOP the Rights Offering 

* this means that WEF will PICK UP any GFR shareholder Rights who do NOT EXCERCISE their RIGHTS for ~ $ 4.30 per GFR share in ADDITIONAL EQUITY CAPITAL


In connection with the Rights Offering, the Company expects to enter into a standby purchase agreement with certain limited partnerships comprising Waterous Energy Fund, a current holder of approximately 55.9% of the Company's outstanding common shares (collectively, "WEF Shareholders"), pursuant to which the WEF Shareholders would commit to fully exercise their basic subscription privilege and purchase any common shares not otherwise subscribed for, up to an aggregate of C$300 million (the "WEF Standby Commitment"). No fee will be payable to WEF as part of the WEF Standby Commitment.
 
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