Greenfire Resources (GFR) has released an update.
Greenfire Resources Ltd. has reported the filing of its shareholder protection rights plan with the Toronto Stock Exchange, which is pending approval pending regulatory review. The plan comes as a response to Waterous Energy Fund’s acquisition of a substantial 43.3% stake in Greenfire, a strategic move amidst the company’s focus on thermal energy production in Alberta’s Athabasca region.
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