Financing ·
Greenfire Resources Ltd. completed a C$775 million rights offering on September 16, 2026, issuing 114,985,163 common…
GFRGreenfire Resources Ltd.
Greenfire Resources Ltd. completed a C$775 million rights offering on September 16, 2026, issuing 114,985,163 common shares at C$6.74 per share. The net proceeds were used to repay the company's C$575 million bridge facility and a portion of indebtedness related to its acquisition of Connacher Oil and Gas Limited. Following the offering, the corporation has approximately C$570 million drawn on its C$1.0 billion revolving credit facility and 240,413,692 common shares outstanding. Greenfire Resources Ltd. operates in the oil and gas exploration and production industry.