Press Release: Waterous Energy Fund Closes Acquisition of 43.3% of the Shares of Greenfire Resources Ltd.

Dow Jones
2024-11-11

Waterous Energy Fund Closes Acquisition of 43.3% of the Shares of Greenfire Resources Ltd.

PR Newswire

CALGARY, AB, Nov. 11, 2024

CALGARY, AB, Nov. 11, 2024 /PRNewswire/ - Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships comprised of Waterous Energy Fund III (Canadian) LP, Waterous Energy Fund III (US) LP, Waterous Energy Fund III (International) LP, Waterous Energy Fund III (Canadian FI) LP and Waterous Energy Fund III (International FI) LP (collectively, "WEF"), announces that it has closed its previously announced acquisition of an aggregate of 29,988,854 common shares (the "Purchased Shares") of Greenfire Resources Ltd. ("Greenfire") (TSX and NYSE: GFR) (the "Transaction"). The Purchased Shares represent approximately 43.3% of the issued and outstanding common shares of Greenfire, and were acquired for cash consideration of USD$8.05 per Purchased Share, representing an aggregate purchase price of approximately USD$241,261,721.

The closing of the Transaction follows the decision by the Alberta Securities Commission issued on November 6, 2024 granting WEF's application to cease trade Greenfire's initial shareholder rights plan, and dismissing Greenfire's cross-application to cease trade the Transaction.

For further information, please contact Waterous Energy Fund at info@waterous.com.

View original content:https://www.prnewswire.com/news-releases/waterous-energy-fund-closes-acquisition-of-43-3-of-the-shares-of-greenfire-resources-ltd-302300697.html

SOURCE Waterous Energy Fund Management Corp.

 

(END) Dow Jones Newswires

November 11, 2024 09:00 ET (14:00 GMT)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10