Greenfire Resources Issues 55 Million Shares in Oversubscribed Rights Offering
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Greenfire Resources Ltd. announced preliminary results of its C$300 million rights offering, issuing 55,147,058 shares. The offering was oversubscribed, with 53,567,940 shares under basic subscription and 23,794,471 under additional subscription. Proceeds will fund redemption of US$237.5 million senior secured notes due 2028. Final results pending closing procedures.
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