Greenfire Resources (GFR) has released an update.
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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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